What to Ask About When Buying a Fixer-Upper

by Tracey LaFleur 12/29/2019

Photo by Michael Jarmoluk via Pixabay

When you’re shopping for a new home, the prospect of a fixer-upper being on the market for an unbeatable price sounds great! There are a few things that should be on your checklist to make sure that the juice is worth the squeeze when purchasing a home. A fixer-upper that needs mainly aesthetic repair is usually a good deal. Just make sure you ask your real estate agent or the property owner about some costly, but necessary, repairs.

Foundation

First off, any home that is worth its weight in gold needs to have a good foundation. Foundation issues can be quite expensive, depending on the type of repair needed. For example, all houses will settle over time. It’s only natural. But if your prospective home has settled too much it can lead to slab leaks, cracks and serious structural issues; which may lead to expensive repairs. 

Water

Plumbing issues can range from a minor leak in the faucet to a cracked supply or drain line, which can either be a slight nuisance or a major flooding issue (and flood damage is not a cheap fix on its own). Along with the immediate cost of the plumbing repairs themselves, plumbing problems can cause higher monthly water bills.

Electrical

Electrical issues can not only be costly to repair but very unsafe. If you are shopping for a home, make sure to check with the homeowner or agent about the quality of wiring, electrical sockets, etc. to avoid both the costly repairs.

Remember, when shopping for that great fixer-upper in your new neighborhood make sure to check these three big boxes before choosing your soon-to-be dream home.

About the Author
Author

Tracey LaFleur

Whether you are a first time homebuyer, moving up to your next home, or an experienced investor, I have the expertise and resources to help you buy or sell your next home!

 

With over 14 years of experience as a Realtor, I am a Licensed Associate Broker, and a Certified Buyer Representative. I have the Graduate Real Estate Institute Certification, e-PRO Certification, and Instructor Training Institute Certification. What that means to you is that I have the know-how and skills needed to assist you! I specialize in residential properties, but I have the knowledge and experience to assist you with all your real estate needs. 

 

From our initial consultation, through the contract negotiations, and on to the closing, I will guide you every step of the way - making the entire process as smooth, enjoyable, and stress free as possible.

 

Enthusiasm, knowledge, and personal concern for my clients interest are what make me an outstanding resource for you in your real estate transaction. I will provide honesty, integrity, and professionalism to the process. I work diligently to help my buyers and sellers meet their real estate goals.

 

My affiliation with Howard Hanna, the 3rd largest real estate company in the United States, will provide all of the additional resources and support needed for a successful transaction.

 

When you are ready to discuss your real estate needs and goals, I am here to help. Customer service of my client is my number one priority! ...I am ready to assist!

 

Enjoy Life!