If you’re buying a house that’s considered a “fixer-upper,” here’s what you need to know.
What is a “Fixer-Upper”?
The term fixer-upper refers to a house that needs some work and a lot of TLC before the owner can live in it (or before it can be turned into an investment property). In many cases, buyers get a fixer-upper when they want:
- A lower sales price
- Potential resale profit
- Less competition for the home
There can be drawbacks, though, which usually involve the cost and time involved in making the repairs.
Quick, affordable fixes include:
- Patching walls and repainting
- Refinishing floors
- Installing new light fixtures
- Replacing baseboards
- Fixing windows
- Replacing doors
- Painting the exterior
Some things can be a lot more expensive, particularly when you have to hire someone to do them for you, including:
- HVAC system replacements or repairs
- Fixing foundations
- Plumbing, electrical and sewer fixes
- Remodeling kitchens or bathrooms
Are You Looking for Homes for Sale in Tampa’s Suburbs?
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Call us at 727-584-8480 or 813-961-6000. If it’s easier, get in touch with us online. We’ll begin searching for your new home right away.