By Johnnie Morine
Are you interested in a fixer-upper in Texas? Read this first
But at the end of this spectrum of choices, you’ll have a choice to make. Either buy a home that is ‘move-in ready’ or get a fixer-upper. These two options sit on the opposite sides of the spectrum of choices you have at the moment. One requiring more work and major renovations while the other requiring almost no work. This is an article that I dedicate to every homebuyer looking to buy a fixer upper. But, let’s get one thing clear, it is easy for you as a first time homebuyer to romanticize the outcomes, especially if you already like remodeling and forget the work you have to put in just to make it work.
WWW.THEPOWERISNOW.COM
Also understand that there are a variety of fixer uppers, with some requiring some minor cosmetic updates while other require serious mechanical and structural fixes. One of the primary reasons why most people prefer fixer-uppers is the fact that you can invest your time into the project and build equity along the way. But, be very cautious and I would suggest that before you buy a fixer upper house, make sure that you understand what needs to be update and the specific timelines of each. Also consider the investment in terms of money you have to dedicate towards this project. Remember, with such a project, it is easy to find yourself in way over your head. IS IT WORTH IT? There are a lot of pros and cons of buying a fixer upper; the most obvious pro being that you can
l
41
123rf.com
I
f you are a first time homebuyer, it is highly likely that you have innumerable possible options, and they all seem valid!
