In the Brainerd Lakes area of Minnesota, buying a home with the intent to fix it up is one of the best investments you can make. Whether you intend to make it your primary residence, a second home or a rental- there are many things that with some hard work you can tackle yourself. Our current Brainerd Lakes real estate market may allow you to get the home of your dreams without breaking the bank.
I will tell you that buying a fixer-upper can be a big challenge as there may be structural defects or other hidden problems. For those reasons, I always recommend an inspection. This service with a reliable and thorough home inspector is always worth the expense.
If you are planning to make structural changes to the home as in moving or taking out walls- remember that the work starts from the base up. Something needs to support every piece of the home and you may need professional advice when contemplating big changes.
The worst home in a great neighborhood is going to get you more dollars back than a great home in an undesirable location. Location is hard to change but in light of our recent tornadic activity, I will say that "nothing is set in stone".
With smaller fixes like cleaning, painting, sheet rock, flooring landscaping, and changing out hardware- you may well be up to the task with some background studies or the help of a friend. With major fixes like roofing, electrial and plumbing work make certain that you are not only well versed on how to do this, are fit enough to accomplish it and you have the right equipment. In most cases here, hire a professional!
Before buying, know that you have budgeted in for all these items an adequate amount and a cushion.
When looking at real estate in the beautiful Brainerd Lakes area have Kathleen Lordbock REALTOR® Keller Williams Realty Brainerd Lakes show you around. With a construction and design background she can help you envision what a fixer-upper could be- with some work and a low overall cost.
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