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It can happen. So you want to buy a fixer upper?

It can happen. So you want to buy a fixer upper?

It can happen. So you want to buy a fixer upper?

It’s the homebuyer’s dream: Dig up a rough diamond in the perfect neighborhood, buy it for bottom dollar, and flip it into a gem worth double what you paid.

But sometimes that diamond in the rough is actually a money pit in disguise. The key to getting a steal is knowing how to tell them apart.

“Buying a fixer-upper can be fraught with peril,” says This Old House. “Before you take the plunge, make sure you have a realistic idea of what you’re getting into.”

If you’re looking to pay bottom dollar, take a hard look at your local market. Deep discounts are possible yourloansllc.com/600-dollar-loan/ website in some areas—especially those with expensive homes—but most fixer-uppers list for an average of 8 percent less than market value, according to Zillow. For the median buyer, that leaves about $11,000 for repairs.

Many homeowners do the work themselves to save money. Daha fazla hakkındaIt can happen. So you want to buy a fixer upper? oku