If there is one investment you make in life that will rattle your nerves, it is buying a home. Buying your first home can be overwhelming, both in process and when considering just how much money you are putting toward a place to live. Many first-time homebuyers decide that going for a fixer upper is the best way to keep the costs of buying a home low, but this is not always a good idea because some problems can be extensive and costly to repair. There are only a handful of things that can be wrong with a house that will be worth your time and effort to fix when you are trying to save some money on the overall price.
The home needs a heating and cooling system.
At first sight, a heating and cooling system missing from a home your are considering buying may seem like a big deal. After all, of course you will want your new home to be heated and cooled. However, in most cases, having a new heating and cooling unit installed is not that big of a deal. The prices of installation can range depending on the type of system you go with for the home and the value of the home will likely be considerably lower than it would be with a system.
The home needs minor finish work done.
There are all kinds of minor fixes a home may need to look complete that are really not that big of a deal to fix but can drastically lower the sale price of the home. A few examples of easy finish work would be:
the home needs some drywall installed in some of the rooms
the home needs new flooring
the home needs insulation
Most of these fixes are easy enough and relatively inexpensive with the help of a good contractor.
The home needs new plumbing fixtures.
A home that does not have a toilet, bathtub, or even kitchen sink may seem like a poor investment when you first lay eyes on it. However, these are the types of things that are easy to install most of the time. In fact, it can be a lot of fun to pick out plumbing fixtures that best suit your style preferences in your new place. A home may even be listed as unfinished if all of the fixtures are not in place, which can save you a ton on the overall costs.
For more information, talk to a professional like RE/MAX INTEGRITY.Share