When you’re buying a house, there are lots of decisions to be made. One of those decisions is whether or not you’re willing to purchase a fixer-upper. You’re sure to find plenty of examples glamorizing the fixer-upper experience, and it can be tempting to want in on the action. You’ve likely heard tons of stories about incredible deals people got because their homes needed a little work. Not to mention all those TV shows where houses no one could even live in get turned into something worthy of a magazine spread and sold for top dollar. Fixer-uppers can definitely be an amazing find, but before you dive in head first, weigh the pros and cons to make the right decision for you.
When you’re buying a house, you need to look at the pros and cons to make an informed decision. And that strategy is even more important if you’re planning on purchasing a fixer-upper. But doing your homework, getting estimates, and budgeting appropriately may make that decision the right one for you.