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Repair Costs for a Fixer-Upper

Posted on April 15, 2016

paintersFor those who loves old properties and to work on home improvement projects, the prospect of buying a nice fixer-upper in Destin is simply irresistible, especially given how expensive real estate along the Emerald Coast has become.

A buyer can purchase a great home in a popular neighborhood for below market value, which is a huge part of the appeal. Most think that with a little money here and time there, not only will you have a place that is entirely yours, but value in your pocket.

Unfortunately, it’s not 2008 anymore, and these properties are harder to come by. If you happen to find one, these tips might help…

Before purchasing a fixer-upper, be sure to have an inspector do a thorough inspection. While you are at it, have a contractor provide written estimates for the things you’d like to do – from floors to walls, it is important to think every aspect of your fixer upper through. Together, these things will give you a better idea of the total renovation costs with the final home sale price, in addition to your potential return on investment.

Looking for foreclosures in Destin, Florida? Start your search today and contact Brad if you have any questions!

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