Tips for Buying A Fixer-Upper

Before you jump right in, here are some tips and things to consider that can help you spot and plan for construction issues or underlying problems—and avoid the really costly undertakings.

1. Work with a licensed general contractor with remodeling experience

One of the most important things you can do when buying a fixer-upper is to work with a knowledgeable licensed general contractor who will be able to tell you exactly what parts of your fixer-upper will need repairs and how much these repairs will cost.

2. Buy it for the right price

Knowing your numbers will help you determine the maximum allowable offer for the house. If the numbers don't work don't buy. Way too often people try to make the numbers work and it usually ends up in a bad deal. 

3. Salvage Everything You Can

If charming-old-home is the look of the neighborhood, don’t go all out replacing all the fixtures or appliances! Buyers might be looking for an old-home feel. Save the charm, fix the problems.

4. Look for Landscaping

Homes with large or pleasantly-landscaped backyards have a charm all their own that you don’t have to spend money on.

5. Know the Easy Fixes

Sometimes the biggest turnoffs—ugly carpeting, wallpaper, or paint—are the easiest and least expensive fixes. Know how to look beneath the details, like old appliances or funky colors, to the true potential of a home.

6. Find Up-and-Coming Neighborhoods

You might be able to get a good deal for a home in a neighborhood that’s about to blossom! Look for things like proximity to downtown, local amenities, and new business developments. Areas like Downtown Clayton are known to be attracting new businesses and buyers.

7. Always Work with Professionals

The most important thing you can do is work with professionals you trust! Have a licensed NC Realtor who knows the market and the neighborhood trends. Have a NC licensed general contractor who can estimate costs and let you know what repairs will be absolutely necessary for the safety and functionality of your home.

Buying a Fixer-Upper in Raleigh NC or surrounding areas?

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