Questions to Ask When Buying a Fixer-Upper

If you’re thinking of selling your home and buying a new property, you might come across an opportunity to purchase a “fixer upper”. In fact, the home might be priced based on its need for work.

 

Should you buy that “fixer upper”? That can be a tough decision. Here are some questions you should consider:

  • What repairs need to be done?
  • Are there any major items that will need to be replaced soon, such as the furnace?
  • What renovations are needed? How much, realistically, are those going to cost?
  • How much of the work can you do yourself?
  • How long will it take for the improvements to get done? (How long will you need to live with drywall dust?)
  • How does the price of a comparable “move in ready” property compare to this one?

Of course, before considering purchasing any property – especially one that needs work – you should get a professional home inspection. It will uncover any issues you can’t catch during a viewing. Ultimately, you’ll have to weigh the pros and cons before buying a fixer upper.

Call or email me if you are looking for a fixer upper 250-744-0775 or briarhillgroup@gmail.com

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