{"id":5702,"date":"2016-12-05T16:56:11","date_gmt":"2016-12-05T21:56:11","guid":{"rendered":"http:\/\/homeadditionplus.com\/dev\/?page_id=5702"},"modified":"2017-05-18T18:05:17","modified_gmt":"2017-05-18T23:05:17","slug":"buying-a-fixer-up-home","status":"publish","type":"page","link":"https:\/\/homeadditionplus.com\/dev\/real-estate\/buying-a-fixer-up-home\/","title":{"rendered":"Buying a Fixer Up Home"},"content":{"rendered":"<h4><span style=\"color: #008000;\"><strong>How to Make a Large Return on Investment by Buying a Fixer Up Home<\/strong><\/span><\/h4>\n<p>By Mark J. Donovan<br \/>\n<script type=\"text\/javascript\"><!-- google_ad_client = \"pub-3988490936633155\"; \/* Homepage_Home_Improvement_468x15_ATF, created 8\/13\/10 *\/ google_ad_slot = \"6539705898\"; google_ad_width = 468; google_ad_height = 15; \/\/-->\n<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script><\/p>\n<div class=\"KonaBody\">\n<table style=\"width: 100%;\">\n<tbody>\n<tr>\n<td width=\"50%\">\n<p align=\"center\"><script async src=\"\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script><br \/>\n<!-- New_300x250_051317 --><br \/>\n<ins class=\"adsbygoogle\"\n     style=\"display:inline-block;width:300px;height:250px\"\n     data-ad-client=\"ca-pub-3988490936633155\"\n     data-ad-slot=\"4202793463\"><\/ins><br \/>\n<script>\n(adsbygoogle = window.adsbygoogle || []).push({});\n<\/script>\n<\/p>\n<\/td>\n<td width=\"1%\"><\/td>\n<td style=\"text-align: left;\" width=\"49%\">Buying a fixer up home is a great investment, particularly for the DIY homeowner who has the time and money to put into the home. However, if you&#8217;re not absolutely committed in investing the time and money into the fixer up home, think twice before buying it. Selling a fixer up home can be a difficult challenge. In some cases, you could have an extremely hard time flipping a non fixed up home, and you may have to even sell the home for a cheaper price than what you paid for it just to dump it.<\/p>\n<p>Before buying a fixer up home make sure to have a home inspection. Also, call in an experienced home remodeling contractor to look at the home before buying it.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The contractor can help find structural issues with the home that the home inspector may not find. They can also give you a rough idea of what the most problematic areas are of the fixer up home and how much it may cost to repair and fix up the home to your satisfaction.<\/p>\n<table style=\"width: 100%;\">\n<tbody>\n<tr>\n<td style=\"text-align: left;\" width=\"50%\">As I&#8217;ve just mentioned, structural issues with the fixer up home should be your chief concern. A crumbling foundation or sagging floors could cost you many tens of thousands of dollars to repair. Also, most likely the fixer up home will need a completely remodeled kitchen and bathrooms. Understand up front that a remodeled kitchen will set you back a minimum of $15,000, and most likely much more. Bathroom remodels can also cost you up to several thousands of dollars or more, depending upon the size of the bathroom and the types of amenities you want to see in the remodeled bathrooms.<\/td>\n<td width=\"1%\"><\/td>\n<td style=\"text-align: center;\" width=\"49%\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-5703\" src=\"http:\/\/homeadditionplus.com\/dev\/wp-content\/uploads\/2016\/12\/fixer_upper_home.jpg\" alt=\"Buying a fixer up home can be a great investment.\" width=\"274\" height=\"205\" \/><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>If on the other hand the fixer up home simply needs some TLC, such as a paint job and various diy repairs, then the fixer up home maybe a diamond in the rough. Rarely this is the case, however, so you need to be fully committed to the work and money ahead to refurbish the home to something you actually desire living in.<\/p>\n<p><strong>Time for Return on Investment on Fixer up Home<\/strong><\/p>\n<p>It&#8217;s also important to keep in mind that it may take some time to recoup your investment in fixing up a home. It really depends on two key factors: (1) the state of the local real estate market when you attempt to sell the home and (2) the amount of money you sunk into the home to restore it to a marketable property.<\/p>\n<table style=\"width: 100%;\">\n<tbody>\n<tr>\n<td style=\"text-align: left;\" width=\"50%\">Suffice it to say the more money you put into the fixer up home, the more difficult it may be to make a positive rate of return on your investment in a reasonable timeframe. This is why it is so important that you don&#8217;t buy a money pit when looking into buying a fixer up home, and that you&#8217;re truly committed to being a DIY homeowner to make the many repairs and improvements to the home yourself. If you subcontract all of the remodeling and repair work out to various contractors, chances are it could take years to recoup your investment in the fixer up home, unless your local real estate market experiences a sudden boom.<\/p>\n<p>So before buying a fixer up home, make sure you know what your buying and have a plan, and estimated costs, in place before making the commitment.<\/td>\n<td width=\"1%\"><\/td>\n<td style=\"text-align: center;\" width=\"49%\"><a href=\"http:\/\/homeadditionplus.com\/dev\/home_addition_bid_sheets\/new-home-construction-bid-sheet\/\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-1294 size-medium\" src=\"http:\/\/homeadditionplus.com\/dev\/wp-content\/uploads\/2016\/09\/New-Home-Construction-Bid-Sheet-218x300.jpg\" alt=\"New Home Construction Bid Sheet\" width=\"218\" height=\"300\" srcset=\"https:\/\/homeadditionplus.com\/dev\/wp-content\/uploads\/2016\/09\/New-Home-Construction-Bid-Sheet-218x300.jpg 218w, https:\/\/homeadditionplus.com\/dev\/wp-content\/uploads\/2016\/09\/New-Home-Construction-Bid-Sheet-768x1056.jpg 768w, https:\/\/homeadditionplus.com\/dev\/wp-content\/uploads\/2016\/09\/New-Home-Construction-Bid-Sheet-745x1024.jpg 745w, https:\/\/homeadditionplus.com\/dev\/wp-content\/uploads\/2016\/09\/New-Home-Construction-Bid-Sheet.jpg 1200w\" sizes=\"auto, (max-width: 218px) 100vw, 218px\" \/><\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>There&#8217;s a reason why fixer up homes are often listed in real estate magazines as a &#8220;Handy Man&#8217;s Dream&#8221;. There&#8217;s no truer words written so be cautious.<\/p>\n<\/div>\n<hr \/>\n<p><span style=\"color: #008000; font-size: large;\"><strong>For help on building a home addition<\/strong><\/span>, see HomeAdditionPlus.com&#8217;s <strong><span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" title=\"Home Addition Bid Sheets\" href=\"http:\/\/homeadditionplus.com\/dev\/home_addition_bid_sheets\/\">Home Addition Bid Sheets<\/a><\/span><\/strong>. Our Home Addition Bid Sheets provide you with the knowledge and information on how to plan a home addition project, and what to look for when hiring contractors. They also include detailed cost breakdown tables and spreadsheets for estimating your own new home addition building costs.<\/p>\n<h3 align=\"left\"><span style=\"color: #008000; font-size: large;\"><b>Related\u00a0Information<\/b><\/span><\/h3>\n<ul>\n<li><span style=\"font-size: large; color: #0000ff;\"><b><a style=\"color: #0000ff;\" href=\"http:\/\/homeadditionplus.com\/dev\/real-estate\/how-to-sell-your-home-fast\/\">How to Sell Your Home Fast<\/a><\/b><\/span><\/li>\n<li><span style=\"font-size: large; color: #0000ff;\"><b><a style=\"color: #0000ff;\" href=\"http:\/\/homeadditionplus.com\/dev\/real-estate\/for-sale-by-owner-tips\/\">Selling Your Home on Your Own<\/a><\/b><\/span><\/li>\n<li><span style=\"color: #0000ff; font-size: large;\"><b><a style=\"color: #0000ff;\" href=\"http:\/\/homeadditionplus.com\/dev\/home_articles\/types-of-home-additions\/\">Five Types of Home Additions<\/a><\/b><\/span><\/li>\n<\/ul>\n<hr \/>\n<h3><span style=\"color: #008000; font-size: large;\">Free Home Addition Price Quotes with No Obligation!<\/span><\/h3>\n<p>Fill out our 3-5 minute quick and easy form, and receive a free price quote\u00a0on a house addition from one of our prescreened and licensed home addition contractors. This process is free and there is no obligation to continue once you receive your house addition price estimate.<\/p>\n<p><iframe loading=\"lazy\" src=\"https:\/\/www.inforequests.com\/pub5x\/\/?allowRefNet=N&amp;layout=H&amp;PublisherSubID=Room_Addition_Bottom&amp;url=http:\/\/g.gaesy.com\/cgi\/r?;n=203;c=622397;s=4383;x=7936;f=201006161516140;u=j;z=TIMESTAMP;&amp;servicescheckbox=ROOM_ADDITIONS&amp;submit=submit\" width=\"660\" height=\"560\" frameborder=\"0\" scrolling=\"no\" data-mce-fragment=\"1\"><\/iframe><\/p>\n","protected":false},"excerpt":{"rendered":"<p>How to Make a Large Return on Investment by Buying a Fixer Up Home By Mark J. Donovan Buying a fixer up home is a great investment, particularly for the DIY homeowner who has the time and money to put into the home. However, if you&#8217;re not absolutely committed in investing the time and money into the fixer up home, think twice before buying it. Selling a fixer up home can be a difficult challenge. In some cases, you could have an extremely hard time flipping a non fixed up&hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":2027,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-5702","page","type-page","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Buying a Fixer Up Home - HomeAdditionPlus.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/homeadditionplus.com\/dev\/real-estate\/buying-a-fixer-up-home\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Buying a Fixer Up Home - HomeAdditionPlus.com\" \/>\n<meta property=\"og:description\" content=\"How to Make a Large Return on Investment by Buying a Fixer Up Home By Mark J. Donovan Buying a fixer up home is a great investment, particularly for the DIY homeowner who has the time and money to put into the home. However, if you&#8217;re not absolutely committed in investing the time and money into the fixer up home, think twice before buying it. Selling a fixer up home can be a difficult challenge. 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