A fixer-upper is a house that needs work, but you should realize that every fixer-upper is very different from others. Some fixer-upper homes might be great investments, while others might not be. If you are a person who loves doing home renovations and are ready to take on a new project, buying a fixer-upper could be right for you. As you look for one, here are four key qualities to keep in mind during the process.
When you read real estate listings or view homes, you might hear or read the words "good bones" as a phrase describing a home. While these words can mean a lot of different things, most homes that have good bones typically have the following characteristics:
No structural problems or major issues
The first, and main, characteristic of a house with good bones is the quality of the structure of the home.
While living in a variety of rentals, you will likely learn more about what kind of lifestyle you are most interested in when it comes time to buy a property. Some people may want to move into a large single-family home because they want a large family, but you may prefer the idea of the condo lifestyle. Since you will find certain condos that are able to replicate the qualities of a single-family home, you should take your time to find a place to buy that embraces condo living.
When it comes to buying a house, you need to have a good realtor on your side. Choosing a realtor is an important decision. Since there are endless agents to choose from, you need to figure out how to narrow down your options. Here are some things to ask potential realtors for your house purchase:
How Long Have They Been Selling Homes?
While this seems like a simple question to answer, it is an important one.
Older homes may have a certain vintage charm, but there are advantages to limiting your search to new homes when you're house hunting. Unless you buy an older home that has been renovated and well maintained, you'll probably have expenses for upgrades and cosmetic improvements much sooner than you would a new construction home. Here are some features found in new houses that are hard to find in older homes on the market.