Ahh the joys of purchasing a fixer upper. This can be a wonderful dream come true, or one of the worst nightmares ever.
There are a million and one fixer upper pro's and con's, and this can make the new home owner a little nervous. Some of the fixer upper pro's and con's consist of questions such as:
Now lets suppose that the fixer upper was purchased to be the individuals personal home. In this case, the fixer upper pro's and con's really does come into play. Now the buyer has to decide if the repair needed is really some thing they can afford, will they be living in the home while they are repairing it, or will they be remaining in their own home and just spending the weekends at the fixer upper. All of this needs to be considered, as well as the actual cost of the on-going repairs and cleaning.
However, putting the pro's and con's behind you, purchasing a fixer upper can be a lot of fun. The real pro's of buying a fixer upper is the fact that you can do whatever you want to the home, to make it reflect your own personality and taste. If you want pink and green striped walls, well then you can have pink and green striped walls. What if the home has a large yard? Well now you get to plant all those pretty rose bushes that you have always wanted. Or perhaps you wanted to have a large daycare; now is your time. As long as you know the city code, concerning the fixer upper you just bought, the sky is the limit!
However, most people dream of making money off the fixer upper they had just bought. This can be a wonderful opportunity for you, this could be the way to make you're dream come true. What ever reason might be that you have purchased the fixer upper, with a the proper experience, cash and time, this can be a great experience.
- Is the property worth the money needed to be rehabbed and then resold?
- How quickly can the fixer upper be rehabbed, and should the property be sold or rented out?
Now lets suppose that the fixer upper was purchased to be the individuals personal home. In this case, the fixer upper pro's and con's really does come into play. Now the buyer has to decide if the repair needed is really some thing they can afford, will they be living in the home while they are repairing it, or will they be remaining in their own home and just spending the weekends at the fixer upper. All of this needs to be considered, as well as the actual cost of the on-going repairs and cleaning.
However, putting the pro's and con's behind you, purchasing a fixer upper can be a lot of fun. The real pro's of buying a fixer upper is the fact that you can do whatever you want to the home, to make it reflect your own personality and taste. If you want pink and green striped walls, well then you can have pink and green striped walls. What if the home has a large yard? Well now you get to plant all those pretty rose bushes that you have always wanted. Or perhaps you wanted to have a large daycare; now is your time. As long as you know the city code, concerning the fixer upper you just bought, the sky is the limit!
However, most people dream of making money off the fixer upper they had just bought. This can be a wonderful opportunity for you, this could be the way to make you're dream come true. What ever reason might be that you have purchased the fixer upper, with a the proper experience, cash and time, this can be a great experience.
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