Is it worth buying and remodeling an old house?

• <div><p>Yes, it could be worth buying and remodeling an old house. You can potentially purchase an older house for a lower price than a newer house. With less of an upfront investment, you can devote more of your budget to the remodeling work. If you’re thinking of remodeling an old house and then reselling it—called house flipping—focus on projects that deliver the <a href="https://www.angi.com/articles/remodeling-projects-highest-roi.htm">best ROI for home improvements</a>. </p></div>

How long does it take to close after an appraisal is done?

• <div><p>Mortgage underwriting is often the next step after an appraisal, and this process can take anywhere from a week to a month or more. The timeline depends on the mortgage lender’s requirements, how quickly the buyer gets the required documentation to their lender, and whether there are any issues during the underwriting process.</p></div>

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TRUSTED BY MESILLA, NM HOMEOWNERS

3.9
Average homeowner rating
26
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Verified Reviews for Real Estate Service pros in Mesilla, NM

*The Angi rating for Real Estate Service companies in Mesilla, NM is a rating based on verified reviews from our community of homeowners who have used these pros to meet their Real Estate Service needs.

*The HomeAdvisor rating for Real Estate Service companies in Mesilla, NM is a rating based on verified reviews from our community of homeowners who have used these pros to meet their Real Estate Service needs.

Last update on December 29, 2023

Reviewed in December 2023
These guys were real quick, very thorough and did an excellent job
Fe Custom Doors
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Reviewed in October 2019
I would not think of hiring anyone other than Steve Barrett as my Buyer's Agent. Mr. Barrett, a retired Lieutenant Colonel who has been in Real Estate for fourteen years, likes to get things done. We first contacted him from out-of-state toward the end of July 2019. We described our interests...
Steve Barrett Real Estate Inc
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Reviewed in May 2015
I searched for appraisers in my region (southwestern United States) and finally determined that Patrick Davis was the person I should see. He is an unaffiliated/ independent Master Gemologist Appraiser, and that was just what I was searching for. Most all of the appraisers that I found locally...
GemSecure Jewelry Appraisals
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Reviewed in November 2014
I have been with USAA for over 26 years and use them for all of my banking needs, insurance, loans, etc. They have always gone above and beyond my expectations until I contacted them for a mortgage loan. From the first phone contact, the agent was awful. I would not recommend them for their...
USAA Bank
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Reviewed in August 2013
<p>Jud was referred to me by my Real Estate agent who had used him for his own landscaping. I met with Jud to talk about my need for landscaping of my front yard that had just been dirt/desert for 9 years prior to my purchase of the house. He told me the ideas he had for my front yard and he...
CLEAN CUT LAWN SERVICE INC
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Find Real estate agents in Mesilla

Showcase Regional Housing LLC

5.0(

)

Appraisal - Real Estate

Serving Mesilla, NM and surrounding areas

In business since 2009

Free estimates

Credit card accepted

"It was a great experience. They made everything simple and worry free."

Recommended by100%of homeowners

Appraisal - Real Estate

Serving Mesilla, NM and surrounding areas

In business since 2003

Free estimates

Credit card accepted

"He is very knowledgeable, prompt, courteous, and a great worker."

Response time3 hrs

Recommended by100%of homeowners

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Coronado Appraisal Services

New to Angi

Appraisal - Real Estate

Serving Mesilla, NM and surrounding areas

In business since 2008

Free estimates

Gilbert Garcia has been serving the greater Albuquerque, NM area for over 5 years. We offer prompt and professional service and high quality workmanship to our clients. We have many happy references available. \n\nCall us today to see why we come so highly recommended!\n

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Real Estate Agents questions, answered by experts

Yes, it could be worth buying and remodeling an old house. You can potentially purchase an older house for a lower price than a newer house. With less of an upfront investment, you can devote more of your budget to the remodeling work. If you’re thinking of remodeling an old house and then reselling it—called house flipping—focus on projects that deliver the best ROI for home improvements.

Mortgage underwriting is often the next step after an appraisal, and this process can take anywhere from a week to a month or more. The timeline depends on the mortgage lender’s requirements, how quickly the buyer gets the required documentation to their lender, and whether there are any issues during the underwriting process.

Around 1-2 weeks, including inspection and reporting time for an official evaluation.

Some of the home repairs with the highest ROI that can improve appraised value include exterior paint, new exterior doors, new windows, landscaping, kitchen and bathroom renovations, new flooring, new interior paint, finishing a basement, home additions that add to the square footage, and replacing major components, like the roof, heating and cooling equipment, and the water heater. Upgrades to home energy efficiency are also a big hit with buyers and can add significantly to value, as are smart home integrations.

Just as a kitchen remodel can increase home value, so can a new kitchen island. A kitchen island provides extra counter space, increased eye candy, and improved functionality that will likely impress prospective home buyers. You can expect an ROI of about 60% to 80% of the cost of your kitchen island installation, though this depends on the overall design of the fixture.

The Mesilla, NM homeowners’ guide to real estate services

From average costs to expert advice, get all the answers you need to get your job done.

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