Tips for Finding a Fixer Upper Home

Many people are looking for a fixer upper home to invest in. This can be a great investment if the right home is found and is done properly. Before you start the process, sit down and write down what it is you are looking for in a fixer upper home. Then, when you are looking you can weed out your searches by the homes that don’t have the qualities that you want. It is also very important to ask the seller a lot of questions. There are many different things that you should take in consideration when you are looking for a fixer upper home. A couple of the things to consider are the location, foundation and the electrical system.

Location of the Home

The location will determine the resell or value of the home. If the area is in a growing and family orientated neighborhood, it will be worth more value than if it is in declining area. Location is also important for safety. Either if this home is for your family or a renter, you want the home to be in a safe and clean neighborhood. It can be a struggle owning a home that is located in area that isn’t in the best parts of the city.

Foundation and Roof

When looking for a fixer upper house, the main thing to look for is a home with a good foundation and the roof is in good shape. Many things can be fixed on a home, but the foundation isn’t one of them. If you are putting in the investment and work, you better have a good foundation to make sure all your work and money are worthwhile. Roof repairs can be very costly so it best to have an inspection and know what you are getting into before you purchase.

Electrical System Is Up To Par

After the foundation, the electrical system is the next thing to make sure is in working condition. If the home has a faulty electrical system; this can be some serious work and investment later on. It is the best to have a professional come in and check it out to make sure everything is working properly. The upfront investment on the professional electrician can save you a lot of money in the long run.

Take Lots of Notes

More than likely, if you are looking for a fixer upper home, you are looking at multiple homes. It is important to write down notes and the pros and cons for each home. Before you make your decision, look over your notes and decide which home is going to be the best bang for your buck and worth your investment in the long run.