Most fixer uppers can require a lot of time and resources to become a functional, pleasant place to live. For first time home buyers, or for homebuyers who have never taken on a major renovation project, it can be hard to tell if a fixer upper is a manageable commitment. Before you sign a contract, these tips will help you evaluate your situation and decide whether or not a fixer upper is right for you.
Evaluate Your DIY Skills
Even if you're a homeowner who plans to hire a contractor for the majority of the work, DIY skills can still come in handy. Homes with old plumbing, old electrical work and other neglected or aging systems often need a variety of repairs. Typical repairs a home owner may need to perform include:
- Fixing minor leaks
Buying a first home can be stressful as well as challenging. However, conducting proper research, knowing your priorities and finding a good real estate agent can help make the home buying process a little less difficult and a lot more rewarding.