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Opportunities for Home Handyman Business in Cape Coral

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By : John Cutts    99 or more times read
There are more home handyman business opportunities in the city of Cape Coral in Florida as there are still plenty of low-priced foreclosures in the area and people interested in buying homes that need repair but are bargain-priced.

Currently, there are 4,291 distressed and foreclosed homes available for people engaged in Cape Coral foreclosure investing, accounting for 42.5 percent of all homes for sale in the city, based on records from a major foreclosure listings provider. People thinking of how to buy foreclosure and profit from them can consider Cape Coral and other cities of Florida, as the inventories of available foreclosed homes for sale in Florida are high and the prices of homes, particularly distressed units, are still low compared to other cities.

In Cape Coral, the sales price median in May was $92,000, much lower than the median price in other cities and the nationwide price median. As shown in a recent report on foreclosures sales for the three-month period ended March, buyers of distressed and foreclosed homes in Florida got substantial discounts for their purchases. Buyers of bank owned homes got an average discount of 37.91 percent while buyers of short sale homes saved 20.88 percent on average. The average savings for both real estate owned and preforeclosures was 33.2 percent.

In addition to the lower prices of foreclosures, people investing in a home handyman business in Cape Coral can profit from rehabilitating the fixer uppers bought by investors who do not have the expertise and skills for repairs. Most owners of handyman businesses are do-it-yourselfers who can do excellent repair work or people who have construction teams. They are also adept in surveying fixer uppers and analyzing repair costs and possible profits before buying them.

A home handyman business can also function as strictly for-hire business, providing repair services to investors engaged in buying bargain-priced foreclosures but do not have the skills or the manpower to make repairs.
John Cutts has been educated in the finer points of the foreclosure market over 5 years.

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