The Mortgage Files

Nationally syndicated mortgage news and advice from Senior Loan Officer Scott Sheldon.

Before and after renovation of a home, demonstrating how strategic improvements can maximize home equity and increase property value

Buying a Home That Needs Work? Here’s How to Maximize Equity and Benefit from Lower Interest Rates

By Scott Sheldon / March 27, 2025

So, you’ve found a house you like, but after digging in, you realize it needs $70,000 worth of work. That $500,000 house is probably priced that way because it needs those repairs—meaning if it were move-in ready, it could easily be worth $570,000 or more. Now, you’re faced with a choice: walk away or embrace…

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