If you need assistance, please call 805-263-1892

The Ultimate Guide to Finding and Purchasing a Fixer-Upper Property

Monday, April 24, 2023   /   by Michael Szakos

The Ultimate Guide to Finding and Purchasing a Fixer-Upper Property

Are you in the market for a new home but want to save some money by purchasing a fixer-upper? If so, you’re not alone! Many people choose to buy a fixer-upper property because it’s a great way to get into the housing market without breaking the bank. However, finding and purchasing a fixer-upper can be a bit of a challenge. Here are some tips to help you through the process.

Determine your budget

The first thing you need to do is determine your budget. How much money can you afford to spend on a fixer-upper property? Keep in mind that the cost of the property is just the beginning – you’ll also need to budget for repairs and renovations. Make sure you have a good understanding of your financial situation before you start looking for properties.

Research the area

Once you’ve determined your budget, start researching the areas you’re interested in. Look for neighborhoods that are up-and-coming, where property values are likely to increase over time. Check out local amenities, such as schools, parks, and shopping centers, to make sure they meet your needs.

Work with a real estate agent

Working with a real estate agent who specializes in fixer-upper properties can be a great help. They can help you find properties that meet your budget and your needs, and they can also provide valuable advice about the local market.

Inspect the property

Before you make an offer on a fixer-upper property, it’s important to have it inspected by a professional. They can identify any issues with the property that may not be immediately obvious, such as plumbing or electrical problems.

Get estimates for repairs

Once you’ve had the property inspected, get estimates for the repairs and renovations that need to be done. This will help you determine whether the property is worth the investment.

Now that you have a better understanding of how to find and purchase a fixer-upper property, you’re ready to take the next step. But before you do, be sure to order our free special report entitled "Divorce: What You Need to Know About Your House, Your Home Loan and Taxes". This report was made by real estate industry experts and provides valuable information about the legal and financial implications of divorce and homeownership. It’s a must-read for anyone considering buying a fixer-upper property. To order your free copy, simply click here and fill out the form.
Team Szakos
Michael Szakos
1893 Knoll Drive
Ventura, CA 93003
DRE# 01473073

Based on information from California Regional Multiple Listing Service, Inc. as of June 1, 2023. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
This site powered by CINC: www.cincpro.com