Should you Buy a Fixer Upper? – Making a Sound Decision

Fixer Upper or Money Pit?

When considering whether to purchase a home as a fixer upper it is important to consider several key points.  First of all is time and money.  Fixer uppers typically need lots of both.  The other thing that is important to consider is how you will live while you making improvements.

If you have a lack of funds it would probably not be in your best interest to purchase a home that needs lots of love and attention otherwise you will see it continue its downward spiral into the money pit.  If you will be living in the same home that you will be making improvements on, consider where you will store furniture and such while you are remodeling.  It can get messy, crowded, dusty, etc and often you will live without modern conveniences for periods of time as you work on projects.

Who will do the work?  If its not you, you will need a budget the cost of having a professional come in to do the work and more time in selecting the contractor to help with that task.  Oh and by the way, they will be a lot less flexible if you have items in the work area.  They prefer to have a clean slate to work in/on.

As a family who does lots of do it yourself projects and yes on a fixer upper my advice is to start small if you haven’t done much of this to see if its for you.  Fixing a small plumbing problem might lead to a total redo of the old existing plumbing.  I am speaking from experience here and the water was shut off for days as we reworked and brought the existing plumbing up to today’s codes.

Looking for that fixer upper or that move in ready place, be sure to give me a call so I can help you to find that perfect home and get you moved in!

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