5 Smart Tips to Consider Before Buying a Fixer Upper

what to know when buying a fixer-upper

They say love is blind, and well, we’d have to agree. We’ve seen it happen so many times before – as soon as a prospective homebuyer walks through the door, their jaw drops, their pupils dilate, and their breath catches in their throats. Love can strike you at any moment when you’re house hunting, even when the house of your dreams happens to have ancient wiring and creaky stairs.

If your heart is set on a fixer-upper, keep in mind that you’ll need to put some love and care into the house to bring it into the 21st century. And while money can’t buy you love, it will certainly become a big factor in your satisfaction when it comes to owning and face-lifting a fixer-upper. Here are a few factors you should consider before you say, “I do” to your future home!

Consider the Location

You’ve heard us say it before – location is the most important thing in real estate. No matter how beautiful a house is, no one will want to buy it if it’s in an undesirable spot! Think about the neighborhood this fixer-upper is in. How is the school district? Are people moving in or out? Are businesses doing well? If you can answer these questions with positive answers, then you can feel more at ease in creating a true diamond in the rough.

Check the Zoning

Before you begin envisioning all the updates you’ll make to the home, look into its zoning. This will tell you what you can and cannot do to the property. Just visit the website of the fixer-upper’s municipality to learn about zoning requirements, or you can meet with a staff member who can completely outline all the legalities you need to know!

Call in a Professional Home Inspector

Let’s say you’re in the process of buying the fixer-upper. Before you make the purchase final, you’ll want to hire a home inspector to fully assess the entire property. He or she will look inspect the foundation, wiring, plumbing, roof, and other aspects to advise you on what may need to be replaced. Set aside plenty of time to listen to your inspector and ask questions. It’s wise to get to know the property as well as you can before buying it.

Ask an Architect

Now it’s time to tap a professional to help you reimagine your future home! Find a qualified architect and ask them for their perspective on how the house could look. An architect will be able to find load-bearing walls and can give you some keen insight regarding the changes you could make.

Be Realistic with Your Budget

You may think that renovating a fixer-upper will work out as (seemingly) smoothly as all those reality shows. However, fixing a home takes a lot of time, money, patience, and resilience. Be honest with yourself in what your budget looks like and if you’re truly committed to making the changes. You’ll also want to consider if your hard work will yield a good return on investment – if not, you may want to continue your search. Don’t forget that you may also run into any unexpected issues that need to be repaired during the renovation process as well.

Whether you’ve got your eyes on a fixer-upper, want a turnkey home, or are looking for something in between, the experts at The Massey Team at Berkshire Hathaway HomeServices Elite Properties have your back. Call us today at (618) 791-5024 or (618) 791-9298 to start your search today! You can also get a head-start by viewing our listings at www.MasseyTeam.RealEstate.

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