Found 6 blog entries tagged as fixer-upper.

If you're in the market for a new home and considering buying a fixer-upper, there are some essential things to remember. While buying a fixer-upper can be a great way to get a home with much potential at a lower price, some risks are also involved. In this article, we'll give you tips for buying a fixer-upper and help you avoid common pitfalls.

Get a thorough inspection

When buying a fixer-upper, it's important to inspect the property thoroughly. This will help you identify any potential problems or issues that may need to be addressed. A good inspector will be able to give you a detailed report on the property's condition, including the foundation, plumbing, electrical, and other systems. This will help you avoid any surprises and ensure…

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Buying a fixer-upper can be an exciting and affordable way to get the home of your dreams, but renovating it can be daunting, especially if you're working with a limited budget. However, with some creativity and careful planning, you can turn your fixer-upper into the home of your dreams without breaking the bank. In this post, we'll share some tips for renovating a fixer-upper on a budget.

1. Make a Plan

Before you start any renovation work, it's essential to have a plan. Start by creating a list of all the renovations you want to make and prioritize them based on your budget and timeline. It would help if you also considered hiring an architect or contractor to help you create a plan that maximizes your budget and meets your needs.

2. Focus…

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Buying a home is a significant life decision, and the real estate market offers a variety of options to potential buyers. One option gaining popularity is purchasing a home "as-is." While this approach can offer certain advantages, it also comes with its fair share of challenges. In this guide, we'll explore the pros and cons of buying a home as-is, provide valuable tips, and highlight key considerations to ensure a successful purchase.

Pros of Buying a Home As-Is

Potential Cost Savings: The most enticing advantage of purchasing a home as-is is the potential for cost savings. As-is properties are often priced lower than their market value, giving buyers the opportunity to secure a home at a more affordable price.

Quick Acquisition: As-is homes…

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Embarking on the journey of buying and renovating a property for resale can be both thrilling and lucrative. However, before you dive headfirst into the world of house flipping, it's crucial to understand the costs involved. In this guide, we'll explore eight essential expenses to consider when turning a fixer-upper into a buyer's dream.

Purchase Price and Acquisition Costs:

The adventure begins with finding the right property. Remember, the purchase price isn't the only financial hurdle. Factor in closing costs, legal fees, and potential property taxes. Tools like home buying calculators can help you estimate these expenses beforehand.

Renovation Budget:

Renovations are where the magic happens, but costs can quickly spiral out of…

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Buying a Fixer upper

If you are a handyperson, or simply love old houses, then the idea of buying a fixer-upper home could be very attractive. Fixer-uppers often go for way below market price because of their condition, and you can invest time and money into renovating it exactly as you want. However, buying a fixer-upper is not for the faint of heart. Read our guide to buying a fixer-upper to learn more.

Your Life is Going to Be Disrupted During Renovations

No matter how large or small the renovations are, there is going to be some inconvenience while they are happening. You should also expect the project to take longer than anticipated since supply chain issues and other factors could hinder your renovation’s progress. Consider your…

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Whether you’ve bought a fixer-upper, or your property simply needs an update, homeowners may find themselves confronted with multiple renovations at a time. Upgrading your home can also be  contagious—once you update one room, it can feel tempting to do them all. If you’re looking at several home renovations on your to-do list, where do you even start? How do you decide what projects come first and what tasks can sit on the back burner? 

Rebecca Hay, president and principal designer of Rebecca Hay Designs, gives us some pointers on how to prioritize home renovations.

Image via Unsplash

How to decide where to start

You have several areas of your home that need a renovation—the kitchen is dated, the entryway isn’t functional, and the bathroom…

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