Why Basements in HUD Homes Can Be a Curse

Written by Susanne Novak on August 30, 2009 – 12:22 pm -

I am very glad that Friday’s 5 inch rain is over. I hope you did not have any damage from these storms. We were not that lucky. The sump pump in one of our Columbus rental houses died and the basement got flooded. 
 
After Friday’s rainfall you may reconsider, if a you absolutely must have a basement in your new home. Two of our featured HUD Homes come without basements. They are built on concrete slabs or on a crawl space. Not having a basement can save you between $10,000 and $15,000 off the purchase price as compared to similar sized Columbus houses.
 
Here’s another home without a basement – a California style ranch on a 1/2 acre lot in Dublin. This is not a HUD home, but it is a great deal for buyers and it has been totally remodeled. Watch the Video below!

 

Even though there were only 12 new HUD listings this Friday, we found 3 very nice looking suburban Columbus HUD homes in great locations for a really good price! You are looking at monthly mortgage payments in the $950 range on these!

Featured Homes of the Week

Click on the pictures below to display each specific property website and see interior and exterior images, maps, school information, and more.

3583 MAKASSAR DR, Westerville, OH
List Price: $114,000  1,420 sqft  3 BR 1 BA

3583 Makassar Dr, Westerville, OH

2741 NORTHWOLD RD, Columbus, OH
List Price: $112,000  1,772 sqft  3 BR 2.5 BA

2741 Northwold Rd, Columbus, OH

3622 COVE LAKE LN, Grove City, OH
List Price: $100,000  1,332 sqft  3 BR 2.0 BA

3622 Cove Lake Ln, Grove City, OH

You can see more previewed HUD homes at our website: http://columbushudhomes.postlets.com
 
Here you will also find a complete and up to date list of all featured HUD homes that are still open for offers, including relisted properties.
 
Call me at (614) 975-9650 – I can help you find a great deal on a HUD home, bank owned or short sale listing!  

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Thanks for reading our Columbus HUD Homes Blog
Posted by: Susanne Novak, ABR, FIS, GRI 
Columbus Realtors specializing in
HUD Homes, Shortsales, Investment Real Estate
(614) 975-9650

 
 


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