Whether you buy a flawless gem or a diamond in the rough, your new home is going to cost you extra after closing.

That amount, of course, depends on the condition of the home and your taste. Some improvements are often more practical than others, and in some cases, utterly essential.

Whatever the case may be, we can all agree that spending the least amount of money on the most fixes and/or renovations is always high on the priority list.

That’s where we come in.

The July 2010 edition of Foreclosure.com’s free educational newsletter, “Investment Exchange,” is now available, which answers these important questions and details everything you need to know about “Calculate rehab costs.”

It’s all about priming you for rehabbing your distressed property. You’ll learn how to find great contractors, money-saving “Do it Yourself” (DIY) projects, which problems to look out for and much more.

To read this month’s free educational newsletter from Foreclosure.com CLICK HERE.