Buying gutted homes for sale in Chicago; here’s what to look for.
While some people buy a quick fix and flip homes for sale from URB Chicago, sometimes buying URB gutted homes for sale in Chicago is not only cheaper but can also open up opportunities – and prevent surprises – that come with common house rehab.
It’s essential to first figure out whether going to gut a house room by room and continue living there during the renovation, or are planning to make temporary living arrangements and do a complete renovation. Either way, the gutted homes we sell are affordable and with no credit check financing, you’ll have to worry less.
URB casas en venta Chicago y sin ningún papeleo de su parte. Si tienes mal crédito o no tienes crédito para comprar una casa en venta en Chicago con nosotros, no hay problema. Financiamiento sin verificación de crédito.
Nuestra empresa le financiará
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What are gutted homes for sale in Chicago?
A gutted home for sale in Chicago is one in which either you or a previous rehabber has generally left the outside of the home untouched to preserve its past, but the inside of the home, minus retaining features, has been gutted. That means many, if not most of the walls were removed, floorings is often moved, and the house may have even been stripped of plumbing, HVAC, and electrical.
Whether you plan on gutting a Chicago house yourself or are in the market to buy a gutted house for sale in Chicago’s southside or westside neighborhoods, here are four things to look at before your purchase.
Does the fixer-upper have enough space for your needs?
Space is the most important factor in regards to getting your needs met. For example, you might want to turn a gutted home into a 5-bed, 3-bath with a large kitchen, but will 1,000 sq. ft. be enough space?
There are few things worse when rehab is almost complete than to discover there is not enough room to fit a shower in your bathroom because you didn’t measure accurately. Think we’re joking? Stuff like this happens all the time. Be realistic about your space and design accordingly.
Is the distressed property structurally sound?
The house may be gutted, but that doesn’t mean all structural issues are staring you in the face. If you are buying a Chicago house that has been already gutted find out why it wasn’t finished. Some businesses, gut houses to sell to rehabbers.
Others gut houses and find there is a structural issue too costly for them to fix. This is especially so if you are a new flipper. Take the time to examine the basement, outside foundation, and any areas that may be hidden from a cursory walk-through.
What do home buyers want in a rehabbed home for sale?
You might have great plans for your fixer-upper after you are done gutting your Chicago home, but if you are flipping your house for profit you will want to consider other local rehab homes that sold.
There are dozens of unique neighborhoods in Chicago’s southside and westside such as Canaryville, South Chicago, Englewood, and West Pullman. Each of the neighborhoods has their own history, local amenities, and personality. Take the time to walk through other rehab projects to see which house amenities are being added, the number of bedrooms, and whether the space is open or traditional to the house’s time period.
Contact URB Chicago today if you are buying gutted homes for sale in Chicago.