Purchasing a “fixer-upper†provides some great opportunities. It can be a way to buy a home below market value and with smart choices, build immediate equity. It can also be an exciting way to custom design your dream home. Is this something you’ve talked about doing for years? Now might be a great time! Here are some things you should look for before signing on the dotted line…
Make sure you know exactly how much repairing and replacing you need to do. A detailed home inspection from a licensed, reputable inspection company is a must. Some homes can be fixed while others need to be bulldozed. If starting from scratch sounds overwhelming, then the most important things to check are the foundation and the structure. A bad foundation and an insecure structure almost always require a fresh start.
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