If you aren’t able to find the new home to fit your needs, it might be time to expand your

real estate search criteria. Rather than scrounging through depressed inventory, you can find good deals if you are a little flexible. You can even use the money you save to renovate a home into the abode of your dreams. The Equifax Finance Blog explains more about where to look in the article, “

Finding Hidden Homes in Today’s Inventory Drought.”

The article talks about a number of different deals to be on the lookout for, including:

• Rentals – many investors are purchasing homes at a discount, remodeling them and putting them up for rent. Seeking rentals rather than purchases can give you a chance to test drive a home and make inroads to purchase it later. Renting also gives you enhanced mobility, as it is much easier to end a lease than it is to sell a home which doesn’t fit your lifestyle.
• Luxury Homes – in this competitive market, there are great deals to be found on high-end homes. Due to the prevalence of negative equity, luxury homes are more plentiful in today’s market. If you are considering this option, make sure that you can live comfortably with the mortgage a luxury home will require.

Read the full article for more home inventories which might work for you. Check out the Equifax Finance Blog for more great tips about how to find deals and

save money with everything related to personal finance.