While you might dream of having a home that’s completely ready for you to move into and will fulfill every want and need that you have for your space, this isn’t the reality for some people. Often, if someone has a very specific thing that they’re looking for in a home, it might be best for them to just create the whole thing themselves. But when starting from scratch doesn’t work for you, buying a fixer upper home that is for sale in your area can sometimes be the next best thing. So to help ensure that this riskier move doesn’t prove to be your downfall, here are three tips for buying a fixer upper as your new home.
Make Sure The Location And Structure Are Solid
Above all else, the two most important things that you should concern yourself with when looking for a fixer upper, according to Elizabeth Weintraub, a contributor to The Balance, is a home with an amazing location and an infallible structure. While there are plenty of things that you can change about a home, you can’t change its location from where it is to where you want it to be. Additionally, if you’re not wanting to build a whole new house from scratch, you’re going to want to ensure that you’re working with a structure with great, solid bones that can support your vision.
Find A Home With Projects You Can Do On Your Own
Once you know the area you’re wanting to find a home in, it’s now time to start looking at more of the details of the home until you can find a space that will allow you to turn it into something amazing. For many people choosing to buy a fixer upper, they’re hoping to save some money by buying a less expensive house and investing money into its renovation in order to make it liveable. If this is what you’re thinking for your own fixer upper, Jeffrey Rothfeder, a contributor to This Old House, recommends that you pick a home that has projects that you can actually complete on your own, at least partially. If you have to hire a contractor for everything, you could end up blowing your budget out of the water.
Take Your Time Finding The Right Contractor
For the renovations that you’re not able to do on your own, it’s vital that you’re able to find the right contractor to work with. According to Patty Lee, a contributor to Today.com, you should thoroughly vet any contractor you’re considering working with, even if you’ve heard great things about them. Check their experience, pricing, timelines, reviews and more so you can ensure you’ve getting a contractor that you can trust.
If you’re wanting to buy a fixer upper, consider using the tips mentioned above to help you find the right home project for you.