Is A Fixer-Upper Right For You?
November 6, 2009 by Customer Care
Is A Fixer-Upper Right For You?, by Des Moines Real Estate Experts RE/MAX Real Estate Concepts
There are many reasons to consider purchasing a fixer-upper in the Des Moines area. Sometimes buying and rehabbing a property is the only way a buyer can afford to become a homeowner. In other cases purchasing a fixer-upper allows the buyer to purchase in a neighborhood they otherwise would not be able to afford. However, rehabbing a property is not for everyone.
There are many factors to consider with regard to the fixer-upper. Will you be living in the house during the renovation? If so, imagine how you will function without a working kitchen for several months. If living with a hot plate, microwave, and bathroom sink are something you can deal with in order to achieve the end result, then a fixer-upper may be right for you.
Before committing to any rehab project try and get a clear picture of what the total project is going to entail before you begin. Chances are there will be surprises along the way. Be sure to build this into the budget from the beginning! Surprises cost both time and money. Be prepared. Being realistic will help your project run smoothly.
Working with a professional real estate agent can give you an advantage. It is the job of the professional real estate agent and broker to know the area market and trends. Use this to your advantage. Additionally, check with zoning regulations and if you are considering purchasing in a historic district check for any requirements before you purchase and begin your fixer-upper project. Work with an experienced real estate professional in the Des Moines area to make the most out of your project.
There is a lot of free information available to you about buying, selling or investing in Des Moines real estate. For complete information about the Des Moines real estate market including current homes for sale, property values and more please visit the most complete website online dedicated to everything Des Moines real estate at Real Estate with RE/MAX. Please feel free to contact us with any of your real estate or mortgage related questions and we will be more than glad to answer your questions. Call us at 1-800-708-5890 or email us at dsm@realestateconcepts.net.
Filed under Des Moines Real Estate Blog
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