Is Buying a Fixer-Upper Worth it?

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We made it to 2015 already, can you believe it? Today, I want to talk to you about if it's wise to buy a home that needs renovations. With low interest rates, there are a lot of buyers pondering this question: While a home that needs renovations will undoubtedly sell for less money, are the savings worth it?

My answer to this question is: it depends on your situation. Are you a first time buyer? Are you moving up? Moving down?

I will say this: If you are a first time home buyer and want a good deal on a home, that's completely understandable. However, homes have layers, and even though the home may pass a home inspection, there could be underlying problems the seller is unaware of. Buying a fixer-upper requires a lot of work, and in some cases, can end up being more expensive than buying a renovated home. 

Like we said before, each individual case is different. If you'd like us to take a look at your situation and help you decide what your course of action should be, just give us a call. We have helped hundreds of home buyers just like you, and are eager to earn your business.