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Buying Fixer-Upper Real Estate in Bend Oregon
- Real Estate Relocation
When you first start looking for homes in Bend Oregon you may find some “steals” on the Web. Homes that are advertised as handyman’s specials. It is very important to look at the neighborhood when looking at these houses. If the homes surrounding the house in question are well maintained and it is a nice neighborhood, then you should calculate what it will take to improve the home to a comparable standard. If the cost of the fixer-upper and the cost of the home improvements is still under the median cost of other houses in the neighborhood and you have the skills or the cash to do the repairs, then buying a fixer-upper might be a good investment. You can then make the house into your home!
However, beware of homes that are extremely cheap in neighborhoods that are in a decline. The home’s price may be not only a reflection of the condition of the house, but of the declining neighborhood. This is where a Bend Real Estate agent who is an expert in Relocation to Bend Oregon can help you evaluate whether the purchase will be a sensible investment for you. Click on the FREE “Relocation to Bend Oregon” real estate information package. One of our Bend Oregon Real Estate agents will contact you to help with your relocation to Bend Oregon.
Whatever you do, if you are considering buying a fixer-upper home, make sure you have it inspected by a qualified home inspector. Place a contingency clause in the contract subject to approval by you of improvement estimates. Repairs that you guess may take $10,000 may end up costing twice that! Make sure that before you close you have the necessary skills and assets to turn the house into a home within your budget! Click on the link above and our New Quest City Bend Real Estate agent can help you with your relocation to Bend Oregon by providing guidance and expert advice on every process of the purchase.
FINANCING A FIXER-UPPER. Some mortgage lenders will allow you to close on the home with a construction loan and then place permanent financing on the home as soon as the repairs are made. This gives you the freedom to put your cash down on the home to benefit from reducing or eliminating Private Mortgage Insurance without having to come up with additional cash to do the improvements. Your New Quest City Bend Oregon Relocation Realtor can help you find a local mortgage company that can help you with a construction loan.
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Bend is a city in Deschutes County, Oregon, United States. The name Bend was derived from "Farewell Bend," the designation used by early pioneers to refer to the location along the Deschutes River where the town eventually was platted, one of the few fordable points along the river. It is the principal city of the Bend, Oregon Metropolitan Statistical Area. The population was 52,029 at the 2000 census, though it has grown to over 65,000 as of 2005.[1] Bend is located on the edge of the Ponderosa pine forest on the west as it transitions into the high desert plateau, characterized by junipers, sagebrush, bitter-brush, and little water. Originally a logging town, Bend has become identified as a jump-off point for multiple outdoor sports; such as mountain biking, fishing, hiking, camping, rock climbing, skiing, and golf. -- Source: Wikipedia.com
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Census Data for Bend, Oregon
| Bend | Oregon | United States | |
| Population | 52,029 | 3,421,399 | 281,421,906 |
| Median age | 34.8 | 36.3 | 35.3 |
| Median age for Male | 33.4 | 35.1 | 34 |
| Median age for Female | 36.2 | 37.5 | 36.5 |
| Households | 21,062 | 1,333,723 | 105,480,101 |
| Household population | 51,018 | 3,343,908 | 273,643,273 |
| Average household size | 2.42 | 2.51 | 2.59 |
| Families | 13,396 | 877,671 | 71,787,347 |
| Average family size | 2.92 | 3.02 | 3.14 |
| Housing units | 22,507 | 1,452,709 | 115,904,641 |
| Occupied units | 21,062 | 1,333,723 | 105,480,101 |
| Vacant units | 1,445 | 118,986 | 10,424,540 |
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