Fixer Upper Homes—Some Purchase Considerations

Buying a fixer-upper can go two ways: it can be an utter nightmare punctuated by countless unforeseen disasters, or it can be one huge whale of a deal. The direction your purchase goes will depend on choosing the right fixer upper home to buy. For this, you'll need the help of a host of specialized home inspectors.

Fixer upper benefits

One of the best characteristics of a fixer upper is that the price is often independent of the conditions of the real estate market. Any time is a good time to buy these types of homes, especially if they go for way less than other homes around. The advantages are pretty standard: lower price, less competition, and a lucrative resale profit.

The ideal fixer upper to buy

The ideal fixer upper is one whose imperfections are easy to overlook. Most first-time homebuyers aren't able to see past the disarray, and this is something you should take advantage of. What one may think of as a major facelift may be a walk in the park for another, and knowing the distinction is what separates the smart homebuyer from the rest of the pack.

Inspections for fixer upper homes

You need to consider many types of inspections before buying a fixer upper, some of which include roof certification, engineering reports, pest inspections, sewer line inspections, and the like. Always get home inspection done by a qualified home inspector before you commit to the sale.