What to Know Before Buying Fixer-Upper Homes in South Jersey
Are you looking for fixer-upper homes in South Jersey? Fixer-uppers are appealing to both real estate investors wanting to make a profit and home buyers looking for a customizable property.
However, fixer-uppers can also have some downsides. While they might seem like they can save you money, it’s important to do some homework beforehand to decide if this type of home is really the right fit for you.
What Should You Know About Buying Fixer-Upper Homes in South Jersey?
Too many prospective homebuyers tend to have a romanticized version of what it’s like to buy fixer-upper homes. They think it will be a fun DIY experience that they can eventually turn into a profit. Only once they’re invested in the purchase are they confronted with the hard reality of how much time and money it takes to renovate a home fully.
Fixer-uppers can represent an excellent opportunity to purchase a home for less, as long as you run the financial numbers first and plan your budget carefully.
And while they certainly can make good investments, there’s always the risk of the project turning into a giant money pit. For example, if you underestimate the amount of work or time it takes to complete it.
If the home has structural damage or needs significant repairs, it could cost as much as 30% on top of the selling price.
What Are Common Myths About Buying Fixer-Uppers?
At Your Home Sold Guaranteed Realty - Nancy Kowalik Group, our number one goal is to help our clients make the right decisions in the home buying process.
If you’re serious about buying fixer-upper homes in South Jersey, we’ve created the perfect resource for you. We’ve put together a free guide on Fixer Uppers: Myths & Facts – What You Should Know Before You Buy.
This report will help any home buyer wondering whether or not a fixer-upper suits their personal and financial needs.
It addresses the five most common myths surrounding fixer-upper properties and provides a simple financial formula for estimating your income and expenses for the project. Get your free guide here.
Our Team Can Help You Find the Perfect Home
Aside from our free guide, our real estate team has also created a hotlist of off-market fixer-uppers. That way, you can find the properties you’re interested in, in one convenient place.
To learn more about buying fixer-upper homes in South Jersey, Your Home Sold Guaranteed Realty - Nancy Kowalik Group is here for you.
If you’re looking to buy a fixer-upper home, we’ll guide you through the process every step of the way. Your satisfaction is our top priority, so we won’t give up until you find a home you love.
To learn more about working with us, call (856) 230-7077 or fill out the form below for more information.