- That price range
You will be able to find some properties priced at $25,000 or below but they will be in need of extensive repair to make them habitable. In general, you could expect to spend at least the same amount again to bring the property up to scratch.
There is a market for these sort of properties and they tend to be purchased by enthusiasts with a flair for DIY or speculators. By spending time and money on the property they will be able to improve the house and hope to make a profit once it has been restored to living standards.
- How do these properties get so run down?
Properties in rural areas can also be victims of vandalism or have squatters move in when they see that it is empty. This can result in major problems, if the owners have vacated the property they are unlikely to be willing to fund repairs and will seek a cheap sale in order to recoup some of their money.
- Where will I find them?