OKC Realtors: Should you buy that fixer-upper?
It can seem romantic, a beat-up old house sitting in a quaint neighborhood. You eye it while house-hunting and get an idea. You’ll buy this old, run-down house and renovate it to look better than new! And it’ll be cheaper than buying a new home! Well, it might be! But there are some factors to consider. If you want it for some of the reasons below, then OKC Realtors says goes for it!
Because it’s a bargain: The obvious reason you want to but a fixer-upper is that it’s a bargain. Fixer-Uppers are often cheaper than buying a new home. But, as the name suggests, it needs work. Before you buy, make sure the home’s needed repairs aren’t going to be too expensive. Having good DIY skills also helps keeps these costs down. Speaking of DIY
Because you want a DIY project: Doin many of the repairs yourself not only keeps costs down, but it can be a great way to add character to you home and make it truly yours. Some people love the challenge and freedom that comes with doing these repairs and renovations. If your DIY skills are not as good as they could be, you’ll have to pay for more professional help which may drive up the price of this bargain fixer-upper.
You want to flip the house for profit: Buy low, sell high, some of the oldest advice you can get. Buying a fixer upper can be one of the easiest ways to make a profit on a house. Assuming you can do most of the renovations your self and the house itself hasn’t degraded too much, buying a fixer-upper can be a really solid investment.
If your looking for a home in the OKC area, give Metro First Realty, OKC Realtors, today at 405-242-4004!