Location location location is the old tried and true mantra for real estate and it does have a lot to do with where you buy, but a lot more goes into the number of reasons with what you buy. While everyone wants that perfect place, that ideal dream home, the real world often has other plans. Buying brand new is always nice and allows for you to build in many of the features you want, but sometimes it’s just not feasible – especially depending on that location location location!
Here are some things you might want to consider regarding fixer-uppers when looking to buy a home:
It Costs Less Upfront
No denying it, an older home will likely costs less – sometimes even if it is larger or has more amenities. This is good and bad of course, and you’ve got to consider a lower upfront cost may mean more expenses down the road.
You Can Build Value
The thing about something old? You can make it better! Buying a home that needs a little love and then making improvements is a great way to add value to the home should you decide to resell.
You Can Make It Your Own
It’s yours. The new is already wore off and you don’t have to worry about adding your own dings and touches. When you buy a home that you are going to work on improving it gives you that chance to add your own style and even make more modern improvements to just the areas that need them.
So don’t get discouraged if you’re not finding what you want in the design showroom or out there on the market under new construction! Fixer Upper homes have great potential!