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Should You Purchase A Fixer-Upper?

By
Real Estate Agent with The Mode Real Estate Group DRE # 00935148

Thinking of buying a fixer-upper? 🏚

It can be a rewarding investment, but it also comes with its own set of challenges.

Here are some pros and cons to consider ↓↓↓

PROS 👍

01 – Potential Cost Savings: Fixer-uppers are often priced lower than move-in-ready homes, providing an opportunity for cost savings.

02 – Customization: You have the flexibility to renovate and design the home according to your preferences and needs

03 – Equity Building: Improvements made to a fixer-upper can increase its overall value, allowing you to build equity over time.

CONS 👎

01 – Unforeseen Costs: Renovation projects often come with unforeseen expenses, and initial estimates may not capture the full scope of work.

02 – Time-Consuming: Renovations take time, and living in a construction zone can be inconvenient. It’s important to consider the time commitment and potential delays.

03 – Stress and Challenges: Dealing with contractors, managing renovations, and addressing unexpected issues can be stressful and challenging.

👉 It’s important to weigh the pros and cons before diving into a project of this magnitude. But you know the saying… no risk, no reward!

If you’re considering purchasing a fixer-upper but don’t know where to start, let’s chat! 📲

We have a Sacramento fixer upper coming on the market this month! It's a 3 bedroom, 2 bathroom, in need of TLC. If you think you might be interested, comment FIXER UPPER and I'll send you the info!

#fixerupper #prosandcons #realestateagent #buildingequity #sacramentorealestate #gettingadeal #sacramentohomes 

Posted by

Lori Mode

Lori Mode, Keller Williams Realty - Elk Grove

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Lori Mode and Bruce Durham, Elk Grove agents

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About the author: The above Real Estate information was provided by Lori Mode.  Lori can be reached via email at Lori@ModeREGroup.com or by phone at 916-405-5737. Lori has helped people move in and out of Elk Grove and surrounding Sacramento areas for the last 37 years.

Thinking of selling your home? I have a passion for Real Estate and love to share my marketing expertise!

Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

It is no fun living in a Construction Zone ! Tearing up most of the house can cause friction !

Apr 04, 2024 05:07 PM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Lori, buying a fixer does require not only expertise, but lots of patience.

Apr 04, 2024 05:38 PM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Lori Mode a fixer upper can be a great opportunity for a Buyer with the skills to do the work.

Apr 10, 2024 02:53 PM
John Pusa
Glendale, CA

Hello Lori Mode valuable helpful report for should you purchase a fixer upper.

Apr 10, 2024 05:26 PM