I sometimes have clients that find the “right” home but it still needs a bit of work to make it perfect for them. I wanted to talk to you about 3 key reasons it can pay to purchase a fixer upper!
1. When you know your upgrades to the home will be easy! If hiring contractors are out of the question for you, but you know that you can fix it up yourself. A good reason to say yes!
2. When your numbers just add up! Homes that need to be fixed up only make sense to buy as long as your numbers add up. A great question to ask yourself is, “Is the money that I have to put into it going to make the property worth at least that (much) when I do it?”
3. When the timing is right! It’s very important to understand the renovation process. What’s your schedule like? Do you have time to invest in the entire process? Will it be years before you actually get it done? These are important things to consider! Fixing up a home and making it something you love can cost you but also take some time. You need both!
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Make it a great week!