Should You Buy A Fixer Upper?

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If you've expressed any interest in buying a home that you can work on, your real estate agent may present you with one or two fixer upper properties for your consideration. Fixer upper homes can offer good value for certain kinds of homebuyers. But not everyone should buy a fixer upper. Here are some considerations to keep in mind. There May Be Unforeseen Conditions Until you actually get in there and start renovating, you cannot know exactly what is behind those walls. Fixer uppers could have unforeseen conditions that could blow away your renovation budget. If you do decide to…
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Should You Buy A Fixer Upper Or Move-In Ready Home?

Real Estate , ,
There's a lot to be said for buying a move-in ready home. All you have to do is put your things away and start living your life. On the other hand, buying a fixer upper has its advantages, too. You can get a great bargain on a fixer upper home. So which one should you choose? Here are some things to consider. You Can Easily Afford To Buy What You Want If money is no object, then a move-in ready home is the best choice. You'll be able to get exactly the home you want with little or no effort…
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When It Makes Sense To Buy An Ugly Duckling

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"Move-in ready" homes are desirable -- there's no doubt about it! But sometimes it makes better financial sense to opt for a house with dated decor and a less than trendy kitchen or master bath. You may not get your dream home immediately, but the opportunity to transform a property into your own swan can be rewarding. It can also be easy on the pocketbook. When looking at Ugly Ducklings, however, look first to structural integrity and the condition of major home systems. including plumbing and septic, driveway and drainage. A home inspection is invaluable, even though no inspector can…
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Should You Buy A Fixer Upper?

Real Estate , ,
Popular TV shows like Fixer Upper and Property Brothers have brought the charms of owning a fixer upper to light. A fixer-upper can be a great option if you are prepared for the experience of owning a house that needs work and time. A house that needs work can be a great investment if you are ready to invest the time and money into it. On the other hand, buying a fixer upper might be a problem if you are not aware of what you are getting into. Not sure if owning a fixer upper is worth it? Here are…
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Is It A Good Idea To Buy A Remodeled Home?

Real Estate , ,
Are you considering buying a flipped house? Here are some ways to tell if it is a good idea or not. If you watch popular TV shows like Property Brothers, Flip or Flop and Fixer Upper, you might believe that buying a remodeled home is a great idea. These shows always have happy endings. The process looks fun and easy, and the houses turn out beautiful. However, it is rarely this easy when buying a real-life remodeled home. There are plenty of flipped houses that turn out to have significant problems. Contractors who do remodels sometimes rush through the job.…
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Fix and Flip: Forget What You See on Television

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The drama of home and garden TV shows may be fun to watch, but no matter what you think, reality shows are not at all like real life. If you think it's easy to buy a house that needs updating and turn it quickly for substantial profit, you might want to think again.  That doesn't necessarily mean, though, that you should shy away from the idea of buying a "fixer-upper" -- just that you should approach such a home purchase with eyes wide open. Here are some valuable tips: Buying a house that needs cosmetic updates can make financial sense,…
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Thinking About Buying A Fixer-Upper? Know These Top Resources To Make The Most Profit

Real Estate , ,
If your financial situation is limited, yet you're handy with a hammer and nails, then purchasing a fixer-upper home can be an attractive option. Fixer-uppers typically require a bevy of updates and repairs to bring the home up to current market conditions. Because of this, the listing price is often considerably less than a move-in ready home.  Your trusted real estate professional can help you find the best projects to buy and sell. Getting Started Fixer-uppers aren't for everyone, but there are plenty of resources available if you plan to do most of the repair and upgrades yourself. Let's take…
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What To Consider When Buying A Fixer-Upper

Homebuyer Tips , ,
In your imagination it seems like a great idea – you purchase an older run-down property and you have the chance to fix it up and turn it into the home of your dreams. To Renovate, Or Not To Renovate However, the renovation project that is simply a quick montage in your imagination will actually take several months or years and thousands of dollars in real life. The concept of renovating a "fixer-upper" property is exciting, but the reality is a lot of work and investment. How can you make sure that you are making the right choice for you?…
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