Why should you buy a fixer upper home versus a Completed home?

Holicent

VIP Contributor
If you're looking to buy a fixer upper home, it's important to know why buying a home with all of the modifications and repairs completed is a better investment than buying a home that has already been done up. The answer is simple: The process of renovating an older house can be expensive and time-consuming. It may take you years to save up enough money for the projects you want to do, or you may have to borrow money from family members or friends.

When you purchase an older home, you'll have fewer expenses associated with renovations due to its age. You won't have to worry about getting permits or dealing with contractors who don't know what they're doing. You will also have the opportunity to customize your new home so that it fits your needs exactly how you want it.

A fixer upper will have all of the original features and materials still intact. This can be used to your advantage when choosing colors and styles. You can also take advantage of any space that is not being used by other people. For example, if there is an unused room in your house, then you could turn it into a bedroom for yourself or for a guest.
 

Jasz

VIP Contributor
Fixer-uppers are a great way to get into the real estate market. They are also a great way to make a lot of money.

A fixer-upper is a home that needs repairs and renovations. It's not an abandoned house, but it could use some work. If you want to buy one, make sure you're prepared for any repairs that might be needed before buying it.

Most of the time, people who buy fixer-uppers have good intentions. They want to renovate and improve their homes, but they don't have the financial resources or time required to do so. Fixer-uppers are often cheaper than new construction and easier for first-time homeowners because they don't have all of the bells and whistles that come with newer homes. You can also get tax deductions for making improvements to your house if you live in a historic area or other special districts that allow for such deductions.
 
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