Buying a fixer-upper is a great way to get into the market, but it’s a huge decision that shouldn’t be taken lightly. Here are a few things to consider if you’re ready to take on the task of turning a dump into a dream:
Inspect the Unexpected
Have the home inspected by a highly qualified professional to help make sure you don’t end up with a structurally flawed money pit.
Strong Foundation
Living in a construction zone can be stressful, so make sure you and your partner are prepared for the chaotic twists and turns of a home renovation.
Time & Money
Set your renovation budget to include a bit of wiggle room to allow for any unexpected surprises. The same goes for your timeline, as delays are inevitable.
D.I.Why?
Fixing up a home is a great way to learn new skills, but know your limits. Mistakes can be easily corrected while painting, but laying down tile is a one-shot deal.
Think Ahead
It’s important to think long-term and consider how much value your renovations will add when it comes time to sell your home.
Transforming a fixer-upper into a dream home can be a rewarding experience, but it can also be a lot of work. It’s therefore important to carefully weigh the pros and cons before diving in.
Whatever you decide, please don’t hesitate to get in touch if you have any questions about your next move!