So You Want to Buy a Fixer Upper

If you're thinking of buying an investment property that needs improvements, here are some questions you should consider:
- What repairs will represent value to a buyer, and bring the highest return on your investment?
- Are there any major items that will need to be replaced soon, such as the furnace?
- What renovations are needed? How much, realistically, are those going to cost?
- How much of the work can you do yourself? What will you spend on contractor work?
- How long will it take to do the repairs and improvements?
- How does the price of a comparable "move in ready" property compare to this one?
Before purchasing any property, you should get a professional home inspection. If you have any questions or need a referral, we should talk.


No comments

Post Your Comment:

Your email will not be published
The Saskatchewan REALTORS® Association (SRA) IDX Reciprocity listings are displayed in accordance with SRA's MLS® Data Access Agreement and are copyright of the Saskatchewan REALTORS® Association (SRA).
The above information is from sources deemed reliable but should not be relied upon without independent verification. The information presented here is for general interest only, no guarantees apply.
Trademarks are owned and controlled by the Canadian Real Estate Association (CREA). Used under license.
MLS® System data of the Saskatchewan REALTORS® Association (SRA) displayed on this site is refreshed every 2 hours.