Should You Purchase A Fixer-Upper?

Thinking of buying a fixer-upper? 🏚

It can be a rewarding investment, but it also comes with its own set of challenges.

Here are some pros and cons to consider ↓↓↓

PROS 👍

01 – Potential Cost Savings: Fixer-uppers are often priced lower than move-in-ready homes, providing an opportunity for cost savings.

02 – Customization: You have the flexibility to renovate and design the home according to your preferences and needs

03 – Equity Building: Improvements made to a fixer-upper can increase its overall value, allowing you to build equity over time.

CONS 👎

01 – Unforeseen Costs: Renovation projects often come with unforeseen expenses, and initial estimates may not capture the full scope of work.

02 – Time-Consuming: Renovations take time, and living in a construction zone can be inconvenient. It’s important to consider the time commitment and potential delays.

03 – Stress and Challenges: Dealing with contractors, managing renovations, and addressing unexpected issues can be stressful and challenging.

👉 It’s important to weigh the pros and cons before diving into a project of this magnitude. But you know the saying… no risk, no reward!

If you’re considering purchasing a fixer-upper but don’t know where to start, let’s chat! 📲

We have a Sacramento fixer upper coming on the market this month! It's a 3 bedroom, 2 bathroom, in need of TLC. If you think you might be interested, comment FIXER UPPER and I'll send you the info!

#fixerupper #prosandcons #realestateagent #buildingequity #sacramentorealestate #gettingadeal #sacramentohomes 

By Lori Mode 29 Apr, 2024
It is possible with just a few changes!
By Lori Mode 22 Apr, 2024
What is Earnest Money?
By Lori Mode 18 Apr, 2024
What to do NOW to Buy A Home in Summer
By Lori Mode 16 Apr, 2024
The top 3 things you should do first when house hunting
By Lori Mode 04 Apr, 2024
Believe it or not, you can still score a deal on real estate in Elk Grove if you’re strategic.
By Lori Mode 01 Apr, 2024
If you have student loans and are looking to purchase a home, this post is for you
By Lori Mode 29 Mar, 2024
I’ve been selling homes for 35 years, and this strategy always works.
By Lori Mode 28 Mar, 2024
Here are a few of the most common loans
By Lori Mode 21 Mar, 2024
Thinking about downsizing but not sure? 🤔 Take this quiz!
By Lori Mode 18 Mar, 2024
If you’re considering selling but not quite sure, here are 5 signs that might indicate it’s time to take that next step
More Posts
Share by: