Denver Homes Online

Fixer-Upper Homes - Deals Or Dumps?

Know What You're Getting Into With A 
Fixer-Upper Home

Smart buyers always take precautions before considering a fixer-upper home as a viable option to invest in. 

The Real Costs

Fixer-upper homes can sometimes be an excellent investment, and a smart way to move-up into a better neighborhood.  Many home buyers underestimate the real costs associated with buying a fixer-upper home though, until after they've sunk a lot of money into a bad deal.

Eyes Wide Open

Buying an home or property that requires a little TLC can be a bargain. That's exactly what the American Dream is all about!  But, don't allow your imagination of a perceived 'good deal' blind you. 

The Hidden Expenses

Many fixer-uppers can be real dumps that require extensive repairs for "deferred" maintenance, just to bring the house up to the standard of the neighborhood.  Fixer-upper homes require a careful evaluation to determine what the true costs are.  There's no easy way getting around doing that research.

Hype From Others May Be Misleading

When you view any fixer-upper home you'll probably notice other buyers (or investors) milling around and sizing them up.  Don't let that make you anxious.  Investors will look at just about every fixer-upper house that hits the market, because that's their business.  They're not viewing these houses to live in, but to rent.  Professional investors have many resources to make repairs quickly and less expensively than you.  Just because investors appear interested, doesn't mean the house is a good investment for you! 

Does The Neighborhood Have Potential

First thing to do when considering a particular fixer-upper house is to find out if the neighborhood supports a higher price for that type of property.  You always want to know what the future or potential value of a fixer-upper house will be.  

Determine The Costs

If you're serious about a particular fixer-upper house, I can help you determine is its worth the bother.  I've also prepared a special article called "Fixer-Upper Houses:  Don't Get Hosed."  To get a free copy of this special article, just call Mike at (303) 514-4000.

Free List Of Homes - Video

Michael Dagner is an expert in Denver-Area home sales.
Call today, (303) 514-4000, for help with your home sale or purchase.