Check comparable properties.
Arrange a professional inspection when appropriate.
Calculate the likely renovation costs.
Investigate taxes and insurance.
And most importantly, determine the total cost of ownership rather than
focusing only on the number that first caught your attention.
Because sometimes an $89,000 house really can represent an interesting opportunity.
But sometimes the cheapest number in the advertisement is only the beginning of the calculation.
Would you take a closer look at a 4-bedroom, 2-bathroom house listed for $89,000, or would a price that low make you immediately wonder what might be wrong with it?
