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Should You Buy A Fixer Upper?

July 21, 2020 by Michael Addison

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 forge ahead with an offer, consider hiring a structural engineer, a pest control technician and a mold expert to … [Read more...]

Filed Under: Mortagage Tips Tagged With: Construction Loans, Fixer-Upper, Mortgage Tips

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