Just like anything that can make money you will have scam artists that make the entire real estate market harder to navigate for buyers, sellers, and investors alike. But since the housing slump these con-men have given the entire industry a bad name. Just like any other type of business, companies that buy houses are trying to make a profit, but the honest ones can be great for a community as a whole. Keep reading on about how investors are helping neighborhoods from coast to coast here in the USA.

Renovation Of Abandoned Homes

In some areas that haven’t been hard hit by the housing market’s downturn a foreclosure, or short sale, can have little to no impact on housing prices. Sadly this is not the case in many neighborhoods that have been hit hard, and the number of foreclosures and short sales can cause the other home values to go down. Foreclosed homes can turn into abandoned homes and if they stay like this it can cause even more issues with home values and this is even worse in areas that don’t have regulations or laws about a lender taking care of the property. At this point the foreclosed home becomes an eyesore and can even turn into a hangout for homeless people and a hotbed for crime.

These are often the type of homes that investors look for. Unlike lender that are just trying to make loans, investors are trying to help the real estate market by buying and selling homes. When investors buy a foreclosed, or short sale home, it is best for them to keep up the home so they can sell it at the highest value possible. And once these homes have been renovated they are back to being functional homes that can hopefully attract a good buyer instead of just being an eyesore for the neighborhood. Regular renovations like this can help to increase the property value of the entire community.

Investors give more options to burdened homeowners.

There are some people that just look at investors as people that are trying to make a quick buck off of home owners that are down on their luck. This is not true of any good investor. For home owners that have a house that is in good condition and they can afford to wait months to sell their house an investor is probably not the way to go. But for the owners that don’t have the luxury of time or money these people can be their best friends. If you have a home that is heavily damaged and you are not able to have repairs done an investor can sometimes be the only way to sell your home. Investors also purchase homes for people facing foreclosure so they are able to avoid foreclosure and the emotional stress that goes along with it.

Business To The Community

Finally, when real estate investors decide to renovate properties, they are bringing a whole source of jobs into the neighborhood. Many abandoned homes or foreclosed homes require extensive renovation so plumbers, electricians, lawn care workers, painters, and other contractors need to be called in as well as lawyers, appraisers, and financial institutions to settle the legal and money side of things. Thus, a single home can provide work and cash flow for multiple businesses at once, and large investors have the power to revitalize entire sections of the community this way. Revitalized areas then become an attractive place for other small businesses such as local restaurants, boutiques, and bars to become a part of the neighborhood scene.