Buying a Fixer-Upper? Here’s Who You Need.
Ideally people would want to buy a move-in ready home, but for some it doesn’t always work that way due to the price that comes with those homes.
But sometimes it can work in your favor, investing and buying a fixer-upper can help get your dream home or you can make profit and flip it as well! People tend to be worked up on the carpet or the stains on the walls but once you get past those things you’ll be envision how you would want to renovate it, and sometimes getting professional help or others opinions can be useful.
Is it Worth the Investment?
Make sure before buying a fixer-upper check the structure and condition of the home like A/C units, plumbing, etc. You’ll need to take into account the cost of the renovations plus the purchase of the home, cause if it comes down to it, it may not be worth it.
This is why you’ll need a real estate investor, they’re experts in buying fixer-uppers. You must get a home inspection that way you’ll get in-depth information and a better understanding of where you’re getting into as far as costs, renovations, and problems of the home. After the inspection, this is where the investor comes in and will help you decide if it is worth it or not.
Outdated Kitchen and Bathroom.
Its best to call a general contractor when it comes to renovating, nowadays people expect or would prefer to have stainless steel appliances and granite countertops as well an open spaced bathroom a spacious closet! So it’s a must to renovate both or at least the kitchen!
A general contractor will usually say that the best fixer-upper to buy is when you’re able to renovate the kitchen and bathroom without have to physically take out the sink or the tub and changing the location of it. Plumbing is where the all the money will go to! If you can avoid changing the plumbing system then you can save a good amount of money.
The Older the Home = The Older the Wiring
Depending on how old your home is might mean you might need to call an electrician to rewire the entire home. Also, another problem that may occur with older homes would be overcrowded wires. Overcrowding can lead to burning which can mean an increase chance of causing a fire.