Pick out a house that is in a good neighborhood. It’s a big selling point. When people buy houses, they always look at the location – if it’s safe, if it’s near good schools, and if it’s accessible by public transportation. Safety is a priority over luxury because luxury can be threatened by the absence of safety.
See to it that you get the seller to fix the place up for you for the price that he or she is asking. It will cost you more to do the work yourself, so have the seller restore corroded pipes, messed-up wiring, termite infestation, and any other imperfections there might be. When you are checking out homes, inspect every nook and cranny to make sure you don’t get an investment that sucks you dry.
Pay special attention to bathrooms and kitchens, because these are the areas you will most likely spend a lot of money enhancing to get new buyers interested. Sellers would gladly accommodate any improvement request if it gives them some assurance that you will consider taking the property for sale in Vail from them.
When you renovate, fit it to match consumer tastes. It would help if you think about what demographic you’d like to target and do some research on what they would most likely appreciate.
Think about what activities they would probably have to accommodate in the house, so you know if the home you are planning to renovate fits the idea of a house that the kind of customer you are targeting would purchase. Imagine how things would look if you move a particular door or tear down a wall. A lot of people today are into space and green living, so you might want to brainstorm on how you could incorporate that into the real estate listings you are looking at.