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Things To Consider When Purchasing A Fixer Upper Home in Danbury,CT
There's a lot of things to consider when purchasing a fixer upper home in the Greater Danbury,CT to live in. The right fixer upper could lead to quick quity if done properly. Please consider the following:
1. Can the home be mortgaged right now?
Some homes in need of upgrades or repairs could be in such poor state of repair it may not qualify for financing. FHA loans are very picky and some sellers may be want to take an offer with that contingency. 
2. What is the cost to repair
An experienced contractor should give you an estimate on the costs to repair. Always have a contingency fund available for any overages or unexpected property issues. Major renovations, such as kitchens & baths can get expensive. It also be be costly to take down any walls or reconfigure the floor plan. Some repairs are easy, such as painting, landscaping cleanup and replacement of light fixtures. 
3. Can you live in the home while renovations are done?
That is a big question, especially if you are selling your current home to purchase a new property. Can you stay at your current place until you can move in? Does your family situation allow you to live in a construction project while you ... more

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