Not all “fixers” are alike, and it takes careful consideration to find a fixer-upper that’s right for you.
Buying a place that needs some work is a tried-and-true formula for getting more house for your money — especially if you’re handy and willing to trade in some sweat equity for a great deal on a home for sale in Sarasota, FL, or Austin, TX. But not all fixer-uppers are alike, just like the people who buy them. So how can you tell a potential moneymaker from a money pit?
Most fixer properties generally fall into one of three categories: a cosmetic fixer-upper, a downright ugly fixer, or a teardown. Knowing which one you’re considering will help you make an educated decision about whether it will be a worthwhile fixer or a flop. READ MORE