Fixer Upper Homes How Important is a Home Inspection?
The first thing you need to do is get an inspection from a reputable home inspector. A lot of people try to cut this cost and as a result end up with fixer upper homes that are better off being knocked down and rebuilt than being remodeled. If you pay the extra $300 to get this done, then if you have to walk away you will have only lost a few hundred rather than a few thousand when you realize you not only have to fix the plumbing, but that you also have a termite infestation and a bad roof that needs replaced. Know your costs going in so you can make the best possible decision when buying wholesale properties.
When fixing fixer upper homes in Santa Clarita, its usually best to invest in the necessary renovations first. These necessities include pest exterminations, plumbing, electric wiring and other aspects of the home that may pose danger to health and safety. After you have addressed these issues, you can then proceed to improving the appearance of the house. Painting, garden landscaping and furniture refurbishing are some of the things you can do to make the home look good as new.
Talking to people who have had experience with buying fixer upper homes, you'll find that there's a wide variety of experiences from buying total financial nightmares to unearthing diamonds in the rough. If you are able to find the right fixer upper homes in the right locations and are able to understand how much money you'll need to pour into improving and repairing the house, this could be a very profitable venture, an opportunity to buy low and sell high.
Painting is a cheap way to update fixer upper homes but it is going to take a lot more than a little color to turn a fixer upper around. Do your math and make sure that the price of the house, cost of the updates, and closing costs will not be more than the selling price of the house. Visit several homes in the area that are for sale and look to see what kinds of materials are used in the homes.
For example, if you want to redo the counter tops in the kitchen and are thinking about going with laminate but majority of the houses have granite that may be an update that can work against you. If you are planning on living in the house for some time than investing a little more would be worth it since you will be getting use out of the updates. Most of the time when you look at a house people ask about the kitchen, bathrooms, and of course the master bedroom.
These areas are where you will make the biggest impression and although costly they will usually pay for themselves. Do not be afraid to add granite counter tops, redo the cabinets or update the appliances. When people are looking for a home they want to purchase a place with those costly extras already included.