How to Tell the Difference Between Flops and Fixer-Uppers

How to Tell the Difference Between Flops and Fixer-Uppers

If you’re not afraid of getting your hands dirty, a solid fixer-upper can be a great option for you! Just know what exactly you’re getting into.

Buying a place that needs some work is a great way to get more bang for your buck, meaning more house per dollar you spent. Not all fixer-uppers are alike, just like the people who buy them. So how do you tell if you’re sitting on a moneymaker rather than a money pit? We’re here to teach you the three categories that these homes come in so you know what you’re getting yourself into.

  1. Cosmetic Fixer-Upper

This kind of house is just one that needs some DIY work. New paint, carpet, countertops, lighting, landscaping and a few new appliances will give a cosmetic fixer the face-lift it needs.

  1. The Beautiful Ugly Fixer

It may be ugly, but it’s beautiful to you! And that’s why you bought it. Its structure is fine and it definitely has the inner-most beauty. Everything that is right with the house is actually wrong and is going to need more extensive work to turn this into an aesthetically pleasing home.

  1. The Teardown

This kind of home has even the wrong things go wrong. If a house has structural, geological, foundation, and environmental issues, you may want to consider a different kind of investment. These kinds of houses tend to be more of a money pit than anything else, and then you’ll be left with a space with what looks like a house to take care of and pay taxes on.

Do you want to learn more about how you can take a house and flip it to make a profit? If so, contact Andraya Coulter. I serve the Bay Area and the entire state of California and Texas with quality, suitable, home loans!

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