A fixer upper is a property that needs repairs or upgrades before it reaches full market value. These homes are often sold at a discount due to their condition and may offer opportunities for buyers willing to renovate.
Buying a fixer upper requires careful evaluation. Before making an offer, buyers should assess the scope of repairs, total costs, and long-term value.
Choose areas with strong resale demand, schools, and amenities.
Inspect foundation, roof, plumbing, and electrical systems.
Factor purchase price, renovations, permits, and holding costs.
Confirm renovations meet local building requirements.
Consider how long repairs will take and impact finances.
Ensure improvements justify the final market price.
Programs like FHA 203(k) bundle repairs into the mortgage.
Professional inspections help avoid costly surprises.
Well-planned renovations may increase long-term value.
Fixer upper homes can be rewarding but require planning, patience, and realistic expectations. Listings are updated frequently, so if you don’t see the right property today, sign up for our email alerts to receive new opportunities as they become available.
Learn how to find fixer uppers for sale near you in this video.
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