One if the Ottawa Real Estate Questions I often get asked is "do I know of any Ottawa Homes That Need Work ?" for sale ? Well my answer is that MOST Ottawa homes need work ! In fact if you own a home, it needs work !
Flippancy aside, there are two categories of homes that need work, 1) Homes that need to be updated with a fresh coat of paint, perhaps tired carepts replaced with hardwood floors, ceramic instead of vinyl in the foyer, a new liner in the shower , I call these "cosmetic changes" , but then you get homes that need work that involves a much larger expense such as a totally updated kitchen and new bathrooms, moving walls around, building on new rooms or additional garage space or building a new deck plus perhaps all of the above mentioned "cosmetic changes".
Then there is the question of "are you doing these renovations to these homes that need work for your own personal pleasure or are you doing these renos to try and "flip" the home ? The answer to this depends on the quality of materials you will use and the type of monetary investment you will make to these homes that need work .
Whatever your reason, "fixer upper" homes are always fun to buy, work on, live in and or sell.
For a list of these homes please visit my website and order your free list at http://www.ottawarealestatequestions.com/vip_buyer.asp