Pretty Profits from Ugly Homes
Because of general stereotypes related to what constitutes real estate value perpetuated by advertising and media hype most of us are led to think that the wealthy real estate moguls got that way through high-priced mansions and posh resort property.
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Because of general stereotypes related to what constitutes real estate value perpetuated by advertising and media hype most of us are led to think that the wealthy real estate moguls got that way through high-priced mansions and posh resort property. But in reality, many of the worlds rich and famous got that way via the time-tested path of buying and selling the ugliest houses they could find. Buying ugly houses is profitable, for those who know how to see beyond the blemishes and cosmetic flaws.
The gorgeous houses on the block stand out like supermodels. But if you happen to be the proud owner of the worst looking house on a street where other houses are fashionably turned out, your property will look like a diamond in the rough. And that is good for business if you are a real estate investor. Do nothing to it, and the value of it will still rise, because location is so important, and your drab house is located next to the expensive homes. Do a little cosmetic work such as paint, a new roof, and
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