Traverse City, Leland, Suttons Bay and Elk Rapids real estate and homes for sale in Michigan - Ted Lockwood, REALTOR® Ted Lockwood REALTOR(r) for Traverse City, Leland, Suttons Bay and Elk Rapids real estate, Michigan real estate - NUMBER1EXPERT™ Ted Lockwood NUMBER1EXPERT(tm) for Traverse City, Leland, Suttons Bay and Elk Rapids homes, Michigan real estate
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Ted Lockwood, REALTORŪ, real estate agent and broker for Traverse City, Leland, Suttons Bay and Elk Rapids Michigan home listings, property and land for sale - NUMBER1EXPERT(tm)
All agents are NOT alike! Find out why I am a top real estate expert. Call me: 231-218-5186.



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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 real estate term was first used in the 19th century and means "a high-flying flag on a ship"?

A 
Skyscraper was first used in the 1880s when office buildings of 10 stories or more were built in Chicago and New York.
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Ted Lockwood, REALTORŪ, real estate agent and broker for Traverse City, Leland, Suttons Bay and Elk Rapids Michigan home listings, property and land for sale - NUMBER1EXPERT(tm)

Ted Lockwood
RE/MAX Bayshore Properties, Ltd.

500 South Union Street
Traverse City
MI 49684
231-941-4500
231-218-5186
Fax: 231-941-4595
Email: ted@teddylockwood.com

Ted Lockwood is a lifetime resident of the Grand Traverse area. He knows the area, and he knows real estate. He is easily accessible, just call or email!


RE/MAX Bayshore Properties, Ltd. real estate and homes for sale in Traverse City, Leland, Suttons Bay and Elk Rapids Michigan

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