Should First-Time Buyers Really Buy a Fixer Upper?
Posted by Jen Dollar on
It is an alluring thought. Purchasing a home for next to nothing, especially compared to other home prices for the same size and type of home, and work on fixing it up. Not only are you going to get a lower purchase price, but you can make the home look the way you want it to. It sounds like a great plan but for the first-time home buyer, fixer uppers can be worrisome. It is always best to work closely with your real estate agent and other trusted experts before you make this decision. Consider some of the factors that may be risks to consider.
The Risk of the Unknown
The biggest reason many experts stay away from the fixer upper even when they are seasoned investors is that there is the risk of the unknown. A home that is in bad shape, such as…
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