Lookin for a "Fixer Upper"

By
Home Inspector with Superior Home Inspections - Greater Albuquerque Area InterNACHI 10041206

I got a call last week from someone that was looking for a deal (aren't we all?). They said they found a "Fixer Upper', it was a 4 bedroom, 3 bathroom, 3500 square foot home on two acres that they really liked. It was in a nice area and they wanted me to take a look at it for them. They have been seeing my blogs on Active Rain (thank you AR!) and thought I would be the right guy for them. 

One thing they said that had me worried. The house has been vacant for a few years and it was a little rough. They said they thought they could make the repairs and end up with a "steal". Ok, I said. So I met them at the property a few days later. They were right, it was an exclusive area back in the day, all the homes in that subdivision were two acres or more and some beautiful homes. This one... not so much. It needed just about everything! The roof was bad, it had been leaking and a good portion of the sheathing was wet on the underside in the attic area and molding, and most of the facia and soffits were rotted out.

There were missing windows and it had been vandalized. The place was infested with termites and the pool was about as green as it gets with vegetation and mold growing all over the deck.

The whole HVAC unit was missing; the water heater was all rusted out. So what was salvageable and in good enough condition to consider re-using? Ummm... the key to the front door?... or the block walls I suppose.

This was not a handy couple that could make this house a project; they would be hiring contractors for everything.

 

Sometimes, you got to just call in the bulldozers and start over, I'm afraid this was one of those.Too far gone to salvage.

Maybe not, but it would be a very costly task and would take a long time to accomplish, gutting the whole thing back to the concrete walls. Probably not cost effective. It was a nice piece of property, buying it and doing a tear down and rebuild would probably be the answer. Pity, at one time it was a beautiful home.

 

Whenever you are looking for a deal or even a fixer upper, the costs and effort to make it the home you want it to be might just be more than finding your dream home already in move in condition!

 

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Posted by

 
 
Fred Hernden 

 

 Superior Home Inspections

 

  505-588-9559

 

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 Albuquerque, Rio Rancho New Mexico and surrounding areas...

 

“My mission is to provide superior quality home inspections to my clients to ensure peace of mind so they can confidently make the largest investment they may ever make!"

                   

Please visit my website at: www.SuperiorHomeInsp.com for details!

                 

 

                                     

 

 

Topic:
ActiveRain Community
Location:
Florida Hillsborough County
Groups:
Ask the Home Inspector
Bananatude
Central Florida's Gulf Coast
Tags:
fixer upper

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Rainmaker
1,317,476
Joan Whitebook
BHG The Masiello Group - Nashua, NH
Consumer Focused Real Estate Services

"Whenever you are looking for a deal or even a fixer upper, the costs and effort to make it the home you want it to be might just be more than finding your dream home already in move in condition!"  This type of property is for someone who can make all the repairs and still come out ahead... but for someone that is not handy this will steal their money.

Jul 25, 2013 11:50 AM #31
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Ralph Gorgoglione
Maui Life Homes / Metro Life Homes - Kihei, HI
Hawaii and California Real Estate (800) 591-6121

As tempting as a fixer-uper deal may be to buyers, many pitfalls could turn their dream into a nightmare ... thankfully these buyers called a reputable home inspector!

Jul 25, 2013 01:16 PM #32
Rainmaker
2,734,465
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

With fixers, you have to really know thy craft or expect to pay out the nose if unhip to the games of being sold a bill of good by people on any side.

 

Love and light,

Laura

Jul 25, 2013 01:34 PM #33
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Michelle Carr Crowe,Altas Just Call...408-252-8900!
Get Results Team...Just Call (408) 252-8900! . DRE #00901962 . Licensed to Sell since 1985 . Altas Realty - San Jose, CA
Family Helping Families Buy & Sell Homes 40+ Years

Sounds like you helped them realize it wasn't the home for them. It was a beautiful lot with an existing structure-great for a contractor.

Jul 25, 2013 04:39 PM #34
Rainmaker
363,400
Joshua Frederick
Home Inspector for ASPEC Residential Services, LLC - Defiance, OH
Home Inspector in Defiance & all of Northwest Ohio

Deal killer!  A few 5-gallon buckets of caulk could fix 'er right up!

Jul 25, 2013 07:39 PM #35
Rainmaker
561,250
Fred Hernden, CMI
Superior Home Inspections - Greater Albuquerque Area - Albuquerque, NM
Albuquerque area Master Inspector

Cindy - I don't know what happened here, but it sure took it's toll!

Joan - I agree 101%!!

Ralph - Thank you, you are right! :-)

 

Jul 25, 2013 10:37 PM #36
Rainmaker
561,250
Fred Hernden, CMI
Superior Home Inspections - Greater Albuquerque Area - Albuquerque, NM
Albuquerque area Master Inspector

Laura - Correcto mundo!

Michelle - Yeah... it kinda hit them between the eyes!

Joshua - And a case or two of duct tape, some bailing wire, and two Hail Mary's!

Jul 25, 2013 10:42 PM #37
Rainmaker
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Clint Mckie
Desert Sun Home, commercial Inspections - Carlsbad, NM
Desert Sun Home, Comm. Inspection 1-575-706-5586

Hi Fred,

Really? Did hey even look at the home before they called for an inspection?

That's a lot of repairing to get done.

How much are they willing to have to do "at the right price" that is.

Have a great day in the Land O Lakes area.

Best, Clint McKie

Jul 26, 2013 12:09 AM #38
Rainmaker
561,250
Fred Hernden, CMI
Superior Home Inspections - Greater Albuquerque Area - Albuquerque, NM
Albuquerque area Master Inspector

Clint - Like lots of people, their dreams kept them from reality.

Jul 26, 2013 01:29 AM #39
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Barbara-Jo Roberts Berberi, MA, PSA, TRC - Greater Clearwater Florida Residential Real Estate Professional
Charles Rutenberg Realty - Clearwater, FL
Palm Harbor, Dunedin, Clearwater, Safety Harbor

There are fixer-uppers and then there are 'tear the darned thing down'ers.

Jul 26, 2013 07:48 AM #40
Rainmaker
561,250
Fred Hernden, CMI
Superior Home Inspections - Greater Albuquerque Area - Albuquerque, NM
Albuquerque area Master Inspector

Barbara-Jo - You're right, unfortunately this one was a tear the darned thing down'er!

Jul 27, 2013 12:02 AM #41
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Silvia Dukes PA, Broker Associate, CRS, CIPS, SRES
Tropic Shores Realty - Ich spreche Deutsch! - Spring Hill, FL
Florida Waterfront and Country Club Living
Fred, sometimes a good deal is not so good after all the repairs and "fixin' up" cost are added in. A lot of items these end up back in the market as unfinished projects.
Jul 27, 2013 10:02 AM #42
Rainmaker
561,250
Fred Hernden, CMI
Superior Home Inspections - Greater Albuquerque Area - Albuquerque, NM
Albuquerque area Master Inspector

Silvia - I see unfinished "projects" all the time. I think people get in over their head and just give up on them!

Jul 27, 2013 08:22 PM #43
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Toni Weidman
Sailwinds Realty - Trinity, FL
26 Years Selling Homes in New Port Richey, FL

This should be on Twitter hashtag bulldozer. That's a real mess, Fred. I hope they decided it wasn't worth the price.

Jul 28, 2013 05:41 AM #44
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Michelle Carr Crowe,Altas Just Call...408-252-8900!
Get Results Team...Just Call (408) 252-8900! . DRE #00901962 . Licensed to Sell since 1985 . Altas Realty - San Jose, CA
Family Helping Families Buy & Sell Homes 40+ Years

Fred, my clients just found the counterpart to this one in San Jose, Calif.!

Jul 28, 2013 01:45 PM #45
Rainmaker
561,250
Fred Hernden, CMI
Superior Home Inspections - Greater Albuquerque Area - Albuquerque, NM
Albuquerque area Master Inspector

Toni - LOL, that's funny! Yes they ran!

Michelle - Tell em to run like the wind!

Jul 28, 2013 10:59 PM #46
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Barbara-Jo Roberts Berberi, MA, PSA, TRC - Greater Clearwater Florida Residential Real Estate Professional
Charles Rutenberg Realty - Clearwater, FL
Palm Harbor, Dunedin, Clearwater, Safety Harbor

Glad to hear you enjoyed this great weather over the weekend and went to the beach!

Jul 30, 2013 07:46 AM #47
Rainmaker
561,250
Fred Hernden, CMI
Superior Home Inspections - Greater Albuquerque Area - Albuquerque, NM
Albuquerque area Master Inspector

Barbara-Jo - 50spf and all.... I look like a lobster! But, I enjoyed the day :-)

Jul 30, 2013 10:39 PM #48
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Barbara-Jo Roberts Berberi, MA, PSA, TRC - Greater Clearwater Florida Residential Real Estate Professional
Charles Rutenberg Realty - Clearwater, FL
Palm Harbor, Dunedin, Clearwater, Safety Harbor

Looking forward to seeing you, Lobster, in a few weeks in Tarpon Springs!

Jul 31, 2013 09:02 AM #49
Rainmaker
561,250
Fred Hernden, CMI
Superior Home Inspections - Greater Albuquerque Area - Albuquerque, NM
Albuquerque area Master Inspector

Barbara-Jo - I better not still look like a lobster then! Already starting to turn into a golden tan... See you then!

Jul 31, 2013 10:32 AM #50
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Rainmaker
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Fred Hernden, CMI

Albuquerque area Master Inspector
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