Buying and owning a house can be fun, but
not all homes are created equal. There are many differences between new
construction and old homes. If new construction is not in your agenda,,
chances are that you’ll be buying and sometimes ‘fixing’ an older home. Older
homes that are in need of Tender Loving Care are referred to as ‘fixer-uppers.’
Sometimes it is more valuable
to buy those homes in need of tender loving care because when there are
cosmetic repairs or functional updates needed that the previous owner cannot or
will not take care of, that’s often when you can get the best price on a home
that need fixing.
Buying a home ‘as is’ can be challenging,
it’s not fundamentally foolish, because if you’re willing to put in the work yourself,
you have a chance to score big and build your dream house within your
budget. True futurists are not discouraged by a fixer-upper because they can see
the potential of striking gold under all that rug.
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