For these reasons, many hopeful homeowners choose to purchase and renovate fixer-uppers instead. This beginner’s guide to buying a fixer-upper home will help save you time, patience, and money as you work toward building the home of your dreams.
Choose wisely
Not all fixer-uppers are created equal, and some require a little more TLC than others. As such, it’s important that you do ample research on the available homes in your area and choose wisely.
When you’re searching for your perfect fixer-upper, be sure to consider the price of the home and the amount of renovations it will need.
Take your budget and skills into consideration as well. Choosing a cheaper house that will require significant remodels may seem like the most economical option, but renovating it could actually end up costing more in the long run.
Be sure to factor the cost of renovations into your bid for the home.
Pursue potential
When you’re searching for the perfect fixer-upper, it’s important to consider not only the home’s current state, but also what it could be. Find a home with good bones that you can easily renovate to fit your personal style and architectural tastes.
Getting too hung up on the floor plan or wallpaper may cause you to overlook some stellar homes with promising potential. Focus instead on finding a home that matches the general size and setup of your dream home. Even if the home doesn’t initially match your ideal vision, after a bit of hard work and construction, it soon will. It’s called a fixer-upper for a reason, after all.
look for: home inspection kitlook for: building codes illustrated
Hold an inspection
Once you’ve settled on the perfect place, it’s absolutely crucial that you schedule an inspection. Even a fixer-upper that appears to be in relatively good shape externally can harbor some hidden horrors.
Conducting a thorough inspection of the home’s plumbing, electrical, and heating systems will provide you with a clearer understanding of the work you’ll need to complete. This will also give you a better idea of which renovations you’ll be able to DIY and which ones you should leave to the professionals.
Roll up your sleeves
Finally, it’s time to roll up your sleeves and get to work. Beginning construction on your fixer-upper home may seem daunting, but with the proper preparation and organization, it can actually be relatively simple.
other valuable tips:
Dream Homes Aren’t Found, They’re Made: How to Pick Your Perfect Fixer-Upper
Start by outlining a clear action plan of the intended renovations and the materials you’ll need for each. From there, you’ll be able to prioritize your to-do list and get to work on making your dream home a reality. Remember, if times get tough and you realize you’re a bit out of your depth, there’s no shame in calling up a contractor for a bit of help.
Image credit: buying fixer upper by Pixabay
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