Tips You’ll Need to Buy a Fixer-Upper

Are you looking for a deal when buying your next home? Buying a fixer-upper home just might be the way to go but there are some important things to know before you buy. These helpful hints can help you save time, money and a lot of headaches when buying a fixer-upper.

Set a budget: You need to know how much money you can afford to spend. You will want to factor in the price of the property plus the cost of the renovations. Remember to plan for the unknown, add at least 10% to it for “overruns”. Most projects never seem to go as planned.

Plan ahead: Buying a fixer-upper requires more planning. When looking at potential homes you will want to make a list of renovations. Try to come up with an estimated cost of the renovations. You will also want to identify whether or not you have the expertise to do the renovations or if you will need to hire a contractor.

Get a home inspection: There are some things that are unseen to the untrained eye. A good home inspection will be able to tell you all of the needed repairs and potential pitfalls.

Remember buying a fixer-upper is an investment. Follow the tips on this list and you will be prepared for the project of buying, renovating and owning a fixer-upper.

Video Tour – Single-Family Home – Leicester, MA 01611 Real Estate – For Sale

Cherry Valley/Worcester Line- Expandable Cape in a lovely neighborhood. NEW SEPTIC SYSTEM!…NEW HOT WATER TANK!…UPDATED ELECTRICAL!…Many Replacement Windows!…Eat-In Kitchen… First Floor Bedroom…First Floor Den/Office could be an additional First Floor Bedroom (No Closet)…Fireplaced Living Room with large Bay Window!…Hardwood Flooring throughout!…Garage!…Easy to show!

More Info on this Property | New Listing Alerts

Single-Family – 15 Folsom St Leicester, MA 01611 is now new to the market!

Cherry Valley/Worcester Line- Expandable Cape in a lovely neighborhood. NEW SEPTIC SYSTEM!…NEW HOT WATER TANK!…UPDATED ELECTRICAL!…Many Replacement Windows!…Eat-In Kitchen… First Floor Bedroom…First Floor Den/Office could be an additional First Floor Bedroom (No Closet)…Fireplaced Living Room with large Bay Window!…Hardwood Flooring throughout!…Garage!…Easy to show!

This is a Cape style home and features 5 total rooms, 1 full bath, 2 bedrooms, 0.46 Acres, and is currently available for $199,500.

For complete details click here.