Fixer Uppers

Although the craze in recent years has been about building your own home, fixer uppers are not off the savvy home buyers radar.

People all over the country decided that the best way to have a top notch home was to build one that was brand new - from scratch.

And even though this is a great way to own a quality home, there are other options available.

Did you ever think about buying an older home and then fixing it up?

Fixer uppers as they are most often called, offer many advantages that building your own home from scratch does not.

• When you buy a house in need of repair, you can save yourself thousands of dollars. a fixer is usually in bad condition because the past owner failed to keep the property up in conscientious manner. But just because a house is in bad shape does not mean that it cannot be restored or renovated.
  
  
  • For example: Instead of building a new home for $200,000, you can buy a fixer for $100,000 and then put $50,000 worth of repairs and renovations into it. This will give you a totally remodeled home, and a savings of $50,000 in your pocket. (The increased home equity is another added bonus.)


• Fixer uppers are easier to get started on. When you build a new home, you have to go through many different steps including: buying the land, finding or buying the right house plans, hiring a contractor, and waiting for the home to be completed. Fixer uppers can be bought one day, and then moved into in no time at all. You will not have to wait around for months before you can get started. In other words, you can have your "fix up house" completely renovated in less time than it would take your new home to be built.


• You can easily negotiate the price on these homes in need of repair, but when you build a home you are at the mercy of the contractor and how much they charge. If you look into fixer, you may be able to get a price that is greatly discounted off the true market value.

Fixer uppers are a great alternative to building a new home. Even though the many people seem to prefer building new, it does not mean that you cannot benefit from buying a fixer. The benefits listed above prove that they offer a great value to anybody that is in the market for a new home and willing to look beyond the disrepair. (Can you spot the hidden gem?)