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Buying Fixer-Upper Real Estate in Independence Kansas
- Real Estate Relocation
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When you first start looking for homes in Independence Kansas 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 Independence Real Estate agent who is an expert in Relocation to Independence Kansas can help you evaluate whether the purchase will be a sensible investment for you. Click on the FREE “Relocation to Independence Kansas” real estate information package. One of our Independence Kansas Real Estate agents will contact you to help with your relocation to Independence Kansas.
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 Independence Real Estate agent can help you with your relocation to Independence Kansas 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 Independence Kansas Relocation Realtor can help you find a local mortgage company that can help you with a construction loan.
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On April 28, 1930, Independence was the site of organized baseball's first night game. The Independence team lost 13-3 to Muskogee, its Western Association rival. Almost 76 years later, on April 11, 2006, the small city made national news when it was reported that a young woman was abducted at gunpoint and held for about 15 hours by an unknown man driving a white van, who allegedly kidnapped the high school student from her front yard and forced her to jog to a lumberyard nearby, where the man's vehicle was parked; an AMBER Alert was issued, and camera crews roamed the streets, seeking interviews with friends of the alleged victim. However, on April 13, Independence faced the embarrassment of learning that the incident was only a hoax on the part of the young woman, and that she had actually spent the day by herself not far from town. -- Source: Wikipedia.com
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Census Data for Independence, Kansas
| Independence | Kansas | United States | |
| Population | 9,846 | 2,688,418 | 281,421,906 |
| Median age | 37.4 | 35.2 | 35.3 |
| Median age for Male | 34.9 | 33.7 | 34 |
| Median age for Female | 39.8 | 36.5 | 36.5 |
| Households | 4,149 | 1,037,891 | 105,480,101 |
| Household population | 9,610 | 2,606,468 | 273,643,273 |
| Average household size | 2.32 | 2.51 | 2.59 |
| Families | 2,610 | 701,547 | 71,787,347 |
| Average family size | 2.93 | 3.07 | 3.14 |
| Housing units | 4,747 | 1,131,200 | 115,904,641 |
| Occupied units | 4,149 | 1,037,891 | 105,480,101 |
| Vacant units | 598 | 93,309 | 10,424,540 |
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