We found cheap houses for sale all over the country. My wife Ana and I were on a seven-week drive around the country. It was a vacation, but we looked at houses too, and bought one in a great little town in the mountains of western Montana. It cost $17,500, and after $2000 to fix it up, we lived there for several months before selling it for $28,000.
We loved Anaconda. Where else can you fly fish, go to a three-dollar movie in a beautiful old art-deco theatre (the 5th most beautiful in the country, according to the Smithsonian), drop some nickles in a slot machine, eat at a fine restaurant, stop by the bar for a dollar beer, and buy a house for under $30,000 - all within a four block area! There are good schools and churches, a library with fast internet service, and wildlife (including bears) a few hundred yards from downtown.
Why Are There Cheap Houses For Sale?
There are cheap houses in Anaconda, and nearby Butte because there aren't many good jobs. I easily found jobs in Anaconda - but not good ones. This explains why people left the area in the 80's, after the mines and smelters closed.
Thirteen percent of the "housing units" in Anaconda are vacant, according to the 2000 U.S. census. This has driven down the home prices dramatically. Since it still has all the basic ammenities, is cleaner now, and is slowly recovering, it's a great place to retire to or to move to if you have an internet or other non-location-based business.
A poor local economy is the reason you can buy cheap houses in many parts of the country. These are towns that have seen troubled times, but are often recovering, sometimes with good reasons. Anaconda, for example, now has, in addition to it's beautiful mountain scenery, a ski resort and a Jack Nicholas golf course. Houses cost four times as much an hour in any direction, and those prices are bound to reach Anaconda eventually.
Cheap Houses You Don't Want To Buy
There are towns like the one in South Dakota where we stopped for lunch one day. A bulletin board had ads for cheap houses for sale by desperate people trying not to be the last to leave town. There was a photo of a beautiful old five-bedroom farmhouse for $11,000.
As we ate, we looked up the deserted street and noticed that most of the buildings were boarded-up. This was a dying town, with nothing to help revive it. Even a free house wouldn't be a good enough reason to move here.
Cheap House For Sale - Our Criteria
There are many wonderful towns, from Florida to Oregon, where there are cheap houses for sale. After our Montana experience, we started a website about them. What does a town need in order to make our list? The criteria are certainly subjective, but include at least the following:
1. Population of 4,000 to 80,000. 2. Decent library. 3. Good grocery store. 4. Movie theatre. 5. At least six houses for sale under $50,000. 6. The town has a good "feel" to it.
After much research, we found a number of towns that met our criteria, including some with homes for under $30,000. There really are nice towns out there where you can find cheap houses for sale.
Buying cheap houses for investment or residential has become the latest method to invest in the UK. If you are buying cheap houses it should not be misjudged as a venture where you go in and make a quick buck. Before you are purchasing cheap houses for investment purpose you need to be sure that it will be fairly easy to let. Talk to letting agents in the area to get a feel for what kind of property tenants are looking for and in which areas. Apart from the size of your low cost property, the location, its condition, and the market factors will all have a bearing on how much rent you can charge. Again letting agents can help here? Ask a few for their suggested rent for the property. This way, you can be sure the amount is practical and manageable and avoid any nasty financial surprises. When viewing cheap houses as an investment property, think about how much it will cost to manage it, newer properties will need more work than older ones. Also, make sure that the cheap houses are in a good place for your expected tenants. Families will consider being near schools and having parking space, while students will want to be near college and social conveniences like pubs, clubs and restaurants. Cheap houses required to be available for transport and shopping provisions, not forgetting restaurants and pubs.
As the property market continues to soar, the cheap house buyer is finding it raising complex to locate property within their price range. Online property firms understand this fact and provide support, that why our listings are full with thousands of properties ideally suited to the first time home buyer.
Uncertainty and nervousness is presently fascinating the global financial markets. Many property investors in the UK are surprising whether to purchase cheap houses in the UK at all in the current economic climate. If you are seeking cheap houses as a property investment in UK, internet can offer investors anything from a single, run down property, ideal for property development for rental or profit on resale, to buy an existing tenanted rental property portfolio with a full managed service. Did you know that every year many of the UK properties are sold at substantially below market value? The majority of these cheap houses are discharged through property marts where regular savings of between 10% to 40% are available to market value.
Both Steve Gillman & Jay Parmar are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
Steve Gillman has sinced written about articles on various topics from Camping, Hypnotherapy and Entertainment Guide. Steve Gillman wrote the book: Cheap Homes - How To Save Thousands Buying Your Next House. To learn more, and to see a photo of the beautiful home he and his wife bought for $17,500, visit. Steve Gillman's top article generates over 135000 views. to your Favourites.
Jay Parmar has sinced written about articles on various topics from Property Guide, Real Estate and Property Investment. Jay Parmar provides information about property investment advice,property investment,off plan properties discount properties landlord,buy to let, uk property investment. To know more about uk property investment,investment properties,but to let,Property i. Jay Parmar's top article generates over 40500 views. to your Favourites.