Candace Carlson
Windermere Real Estate/ S.C.A., Inc
Create an Account
Creating an Account allows you greater access to additional home search features. Click Login below to begin.
Click Here to Log In
Daily Tip #11
Posted on January 13, 2010
Tip #11
Not all fixer-uppers are good buys!
You may be the sort of person who looks at a home in need of significant work as a challange and an opportunity to make money. Many people have bought fixer-uppers at below-market rates, invested a little sweat equity or more than a little money on renovation, then eventually put it back on the market at a profit.
But if it is'nt priced low enough, you won't recoup your investment of time, trouble and expense. Before you proceed, do a careful evaluation of what you'll have to invest and consult with your Realtor to learn what you can reasonably expect to make when you put the home back on the market. And be sure to include the unexpected--there's no such thing as a "sure thing."
