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Should You Buy That Fixer Upper?
Buying a fixer-upper, if you buy the right one, can really be a great investment. If the right things are wrong with a house, it can become both your dream home, as well as earn a great deal of equity.
You don't need to be a DIY guru wither. Patience and time are all that's needed.
Here's how you can tell if that home you're looking at fixing up is worth it.
Evaluate the Price
A fixer-upper should be priced as such. Try not to fall in love too quickly with a home that “just needs a little TLC.” make sure you do your research and make sure the price is right for the work needed.
Also look at other homes in the neighborhood to see how much they sold for and how much work they've had and how fancy they are. you don't want to over-improve for the neighborhood, as this could affect the selling price in the future if you decide to sell.
Start Evaluating What Improvements Are Needed
An ideal fixer-upper is a home that offers a lot of opportunities for “instant equity." This means that if your turned around and sold the home right away, you would get your money back.
Some improvement tasks can be ... more

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