How Do You Buy And Sell A Fixer-Upper?
It just needs a little TLC, right? If you’re willing to put some elbow grease into it, buying and selling a fixer-upper can be a profitable endeavor. But there’s a level of risk involved, not to mention a substantial commitment of time and effort on your part, and long periods of time when you will be living in chaos and sawdust. If you’re still up for the challenge, it can be a rewarding experience. Decide on the geographic area in which you want a property. Whether you intend to live in a home or not will impact where you’ll want to buy. Remember that your ideal place to live may not be the best place to invest in property. Be prepared for an extensive search. Many fixer-uppers–particularly those in especially bad shape–don’t command much attention, so you may have to hunt around. Drive through desirable neighborhoods to spot “For Sale” signs. Keep in mind that “location, location, location” is still the mantra of real estate purchases, whether for a fixer-upper or a single family
