Albuquerque real estate and homes for sale in New Mexico - Don and Geri Padilla, REALTORS® Don and Geri Padilla REALTORS(r) for Albuquerque, New Mexico real estate - NUMBER1EXPERTS™ Don and Geri Padilla NUMBER1EXPERTS(tm) for Albuquerque, New Mexico real estate
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Don and Geri Padilla, REALTORŪ, real estate agent and broker for Albuquerque New Mexico home listings, property and land for sale - NUMBER1EXPERT(tm)
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Real Estate Tips
Bargain Properties >Bargain Homes

Most buyers want a home that is in tip-top condition and ready for them to occupy, but many homes sell for bargain prices because they need work. Buyers love "fixer-uppers" for the obvious reasons: the affordable price and the satisfaction of remodeling the house to accommodate your tastes and needs.

Whether you are buying the property for yourself or as an investment, choose a house that is in a good location and structurally sound. It should be priced enough below market value (usually 25%) to allow plenty of room for a profitable re-sale after the work is completed.

It is important to educate yourself before taking on a fixer-upper project. Inexpensive cosmetic improvements often give the greatest return on your investment-- paint will increase the value three times for every dollar invested. Landscaping, carpeting, and light fixtures are also relatively inexpensive improvements. Try to avoid purchasing a house that needs expensive structural improvements such as a new roof, plumbing, wiring, or foundation repairs.

Remodeling a kitchen will rarely add more than the cost of the upgrade, but new appliances usually give a fine return. An extra bathroom is the best renovation from an investment point of view, often giving twice its cost in added value.      

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Real Estate Trivia
Q 
What is one of the most unusually shaped buildings in the world?

A 
The all-suite Arabian Tower hotel near Dubai is 1,052 feet tall, built on a man-made island and shaped like a boat sail.
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Don and Geri Padilla, REALTORŪ, real estate agent and broker for Albuquerque New Mexico home listings, property and land for sale - NUMBER1EXPERT(tm)

Don and Geri Padilla
RE/MAX Masters

6705-A Academy Rd
Albuquerque, New Mexico
87109
505-275-3615
Toll Free: 800-753-2782
505-883-8979
Fax: 505-883-9244
Email: dongeripadilla@cs.com

Don & Geri know how to get results for your American Dream of owning a home. From the first-time buyer to the relocating family to the seasoned investor, they have the skills to help you plan for the future through real estate. They listen carefully to your goals to completely understand your individual needs, and they are easy to talk with.


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RE/MAX Masters real estate and homes for sale in Albuquerque New Mexico

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