Realistically, the majority of fixer-uppers are in complete disrepair, meaning that it will cost you more to "fix it up" than to purchase a home in move-in condition. However, if you are serious about buying a sound fixer-upper, let me give you a few tips on finding a sound fixer upper:

- Look in neighborhoods with resale potential
- Try to find a home that has been listed for sale for several months
- Always estimate your fix up costs before buying
- Avoid homes requiring structural improvements
- Avoid major additions, such as adding a family room or bedroom

The industry standard rule of thumb is to buy a fixer-upper for at least 20 to 30 percent below its "fixed-up" market value. It's important to avoid both under-improving and over-improving a fixer-upper; in either situation you will not realize a good return on your investment.

If you'd like some help in finding fixer-upper property, please call me today.

Sellstate Access Realty is the regional leader destination for real estate professionals. Our dedicated staff and advanced systems provide the highest quality service, advanced technology resources and personal dedication for your business success. Our diversely structured environment invites unlimited growth while never losing the personal touch.

JOSEPH ROMANO, BROKER/OWNER/WATCHUNG NJ/SELLSTATE ACCESS REALTY/ SELLSTATE ACCESS NEW JERSEY 908-429-4200 info@sellstateaccess.com