What You Need to Know Before Buying a Fixer-Upper

Welcome to the house-hunting process! From apartments, condos, townhouses, single-family homes, and more, our movers in Portland are sure you are overwhelmed with the many options. You are also most likely deciding between a newly built home or an older home, but have you ever thought of buying a fixer-upper?

Should I Buy a Fixer-Upper?

Fixer-upper homes are ideal when you fall in love with a location rather than a home. You can give fixer-upper homes a makeover, but you can’t change the location of the place. Fixer-upper homes are also excellent because they are budget-friendly. While you might want to change the appearance of the kitchen or maybe the bathrooms, you can always tackle these items down the road.

Buying a fixer-upper is a huge investment, not just financial but also timely. Of course, purchasing any type of home is an investment, but when you buy a fixer-upper, you will be undergoing significant adjustments. Knocking down walls here, switching out the paint color there, or completely gutting a room; you are in for the long-haul.

It’s important to consider these factors before deciding whether or not buying a fixer-upper is the right option for you. Don’t worry, though, our dedicated Portland long-distance movers are here to share a few things to consider before buying a fixer-upper home.

  • Location

When searching for a home, the location should be a high priority. While you may get a good deal on an older, outdated home, the neighborhood might not be the best fit. Take ample time to do your research on neighborhoods, communities, and the surrounding areas before you buy a fixer-upper. Look into school districts, shopping centers, community activities, and more. Keep in mind, you can always give the home a makeover, but you can’t change its location.

  • Budget

Before buying a fixer-upper, you will need to create an estimated budget. After you research your desired location, it’s time to study the price of homes. You can determine a more realistic budget by researching the prices of homes in your ideal neighborhood. Keep in mind the asking price of the home and the amount of money you are willing to spend on renovations. You might find a house well under your budget, but the repairs could go way over your original budget, or you might find a home that is more expensive but requires fewer renovations. Anticipate setbacks and make sure you are factoring in major and minor problems that can occur during the renovation process.

  • House inspection            

You must complete a thorough house inspection of your fixer-upper before signing the deal. Conducting a house inspection is one of the most crucial tasks before buying a fixer-upper home. You want to avoid as many problems as you can right from the start. Hire a professional home inspector to ensure the electrical, plumbing, sewer, air conditioning, and heating systems are intact. They will also be able to examine the roof, house foundations, and other exterior and interior aspects of the property. Before closing on the home, schedule a house inspection.

 

Our Oregon moving company hopes you feel more confident in your decision to buy a fixer-upper. We wish you the best of luck on your home improvement plans. For all of your relocation needs, contact our Portland storage company today.

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