1. Simple problems
You need to find a Knoxville house that looks incredibly ugly, yet has very simple problems. Painting, flooring and other superficial problems can be a gold mine in an old house. They can prevent a sale even when the Knoxville home is full of potential.
2. No structural problems
Structural problems in a home are usually too costly to repair when you are looking at the Knoxville home as an investment. Some structural difficulties can be difficult to spot, and you may need to call in a professional for a home assessment in order to find them.
3. A good neighborhood
Although it is more difficult to find a fixer-upper in a good Knoxville neighbourhood versus a bad one, you can spot some hidden gems that can equate to thousands of dollars in the long run. Take your time, and don’t be mislead by fixer-uppers in a rough part of Knoxville, which may take months to sell. They are simply not worth your time.
There are a lot of other items you should look for when you are searching the market in Knoxville for an investment opportunity. You can ask your Real Estate Fish agent for their help and guidance. They have worked with many real estate investors and know which homes in Knoxville have the most potential for profit. To get started, all you need to do is call an agent and start.