Buying a fixer-upper can be a DIY-lover's dream. A house with plenty of potential for improvements at a great price might seem tempting. However, there are some specific things to search for to make sure you find the right fixer-upper. Here are some tips for what to prioritize to have the best fixer-upper experience:
A common pitfall of many DIY projects is an unrealistic assessment of the project's difficulty. Before taking on an enormous project like renovations for an entire fixer-upper, take some time to really think about what skills and knowledge are required for smaller home projects.
There's no rule that says you have to fix everything yourself—in fact, things like electrical and plumbing improvements should be done by a licensed professional. However, even small tasks can require skills you might not have thought of beforehand.
The sooner you have your financing lined up for a fixer-upper project, the sooner you'll know what renovation plans are possible. Research your loan options and make a budget that includes every part of the process. Expenses include a down payment, closing costs and materials for renovations. Many traditional mortgages will let you finance renovations in addition to the regular purchase. Otherwise, you can apply for a renovation-specific mortgage.
Even if you plan to DIY your fixer-upper renovations, hiring a professional contractor can help you spot issues you might otherwise miss. Make your own budget and estimate concerning the cost of materials and tools, but leverage the knowledge of a contractor to help you identify major expenses.
If they happen to find significant structural damage, for example, you won't be stuck with an unpleasant surprise halfway through your project. You can get an estimate for what you might need to hire out a professional while also budgeting for yourself.
The big question....
What can I do for you that is different than any other Realtor or Real Estate Broker? The answer is Personal Service.
I will work for you, at your comfort level, not pressuring you to look at, or buy homes that you are not interested in. Buyers, I will not entice you to overspend and be house poor. Sellers, you always choose your selling price. I will inform you of the current market and the trends that I see. I never make choices for you. I inform. All decisions are yours to make. I am only an extension of you, doing as you instruct. I will call you, text you or email you on a time schedule that you would prefer. Frequently if you desire; or not, depending on your requests. I will be working for you; and with you, doing my very best at all times.
My name is Jennifer Louden and I really enjoy helping you.