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Tips for Buying a Fixer Upper

Buying a fixer upper can be a great, hands-on way to get the home of your dreams. Sometimes, there are so many features that we want in our home that ideally won’t be easy to find out on the market, so purchasing a fixer upper allows us to, in a way, build the home how you want it. However, there are some things to be mindful of when purchasing a fixer upper. Raleigh Cary Realty shares some insight.

Here are a few things to know before buying a fixer upper:

  • Things might not go as planned: When purchasing a fixer upper, it is almost impossible to fully understand what is going on inside the house. Unexpected issues might pop up, or a vision that you might have had won’t be able to become a reality. It is important to prepare yourself for these things when going into the process and be open-minded throughout.
  • Focus on location: You will be able to find a fixer upper almost anywhere. The main thing to focus on when buying one is the location of it. You’re going to be putting so much time and effort into this home, so it should be in the exact location that you want to move to. While you can change basically anything on the home itself, you won’t be able to change the location later down the line.
  • Set time aside: Fixer uppers take time, and you are going to need to start putting a lot of time aside in your life. For a while, it might seem like your days revolve around working on the house. Planning for this ahead of time is important, so it isn’t difficult to adjust to in the future. If you know you won’t have any time on your hands, a fixer upper might not be the right choice for you.
  • Budget properly: It is always important to add a cushion into your budget. Prices of items might change or an issue with the house might come up. It is always better to be safe than sorry in this type of situation. In fixer uppers especially, there are usually problems that arise.

Overall, many find that buying a fixer upper is the perfect route for them. You get to make the house truly your own. For assistance in the home buying or selling process, contact Raleigh Cary Realty today!

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Our agents write often to give you the latest insights on owning a home or property in the Triangle area.