Rent vs. Buy Calculator

Am I better off renting or owning? This calculator will show you the financial differences between the two.
$   Current Rent
  % Est. tax bracket
$   Purchase Price
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    Total PITI
    How long will you own (typ. 7 yrs)
$   This is your rent over the period
$   This is mortgage over the period

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Mike Hawkins & James Harvey
Service First Realty Group
1714 S. 1100 E.
Salt Lake City, UT, 84105
Office: 801-467-7007
Cell: 801-467-7007
Fax: 801-467-7914
support@utahhometeam.com
www.UtahHomeTeam.com
Finding fixer uppers | Print |

Where are fixer-uppers found in the Salt Lake City, UT ?

We can find distressed Salt Lake City, UT area properties or fixer-uppers for you in most communities, even wealthier neighborhoods. A distressed property is one that has been poorly maintained and has a lower market value than other houses in the immediate area.
Ascertaining whether the Salt Lake City, UT property you're interested in is a wise investment takes some work. We'll need to figure what the average house in a given area sells for, as well as what the most desirable houses in that area are like and what they cost. Contact us today and we'll get started!

Some experts suggest that buyers who take this route try to find a "cosmetic fixer" that can be completely refurbished with paint, wallpaper, new floor and window coverings, landscaping and new appliances. You should avoid run-down houses that need major structural repairs. A house price that looks too good to be true probably is. A smart buyer will find out why before buying it.
The basic strategy for a fixer is to find the least desirable house in the most desirable neighborhood, and then decide if the expenses needed to bring the value of that property up to its full potential market value are within one's rehab budget.


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Last Updated ( Thursday, 04 September 2008 )
 
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