BuyIncomeProperties.com
Your #1 Income Property Resource.

 No Money Down Real Estate Investing Course
Learn How To Buy Income Properties Without Risk, Good
Credit, Money Or Tenants!

Click here for more information

 Welcome to BuyIncomeProperties.com! Visit the Real Estate Investing Forums.


Real Estate Articles 
 
 Real Estate 
 Homeowners
 Second Home
 Success Stories
 Rentals
 Real Estate Q & A
 Real Estate News
 Real Estate Law & Policy
 Money Making Ideas
 Home Improvements
 Tax and Insurance
 Appraisal and Inspection
 Log Homes
 Mobile Homes
 Home Buyers
 Constructions and Home Buildings
 
 Real Estate Investing 
 Foreclosure
 Vacation Home
 Rental Property
 Preconstruction Investment
 Marketing Secret
 Joint Venture
 Land Investment
 Lease Purchase
 Probate Real Estate
 Real Estate Clubs
 Short Sales
 No Money Down Investing
 Flipping
 Fixer Uppers
 Resort Home
 Loft Apartment
 Property Development
 Tax Incentives
 Investing Strategy & Tips
 Real Estate Wholesale Property
 How To Articles
 Subject To
 Real Estate Books
 Apartment Investing
 Commercial Real Estate
 Residential Property
 Hotels and REITs
 1031 Tax Deferred Exchange
 Investment Property
 Real Estate Advanced Techniques
 Trust Deed Investments
 Creative Home Buying
 Wholesale Real Estate
 Real Estate Auctions
 Tax Lien Certificate
 HUD Homes
 Real Estate Regional USA
 Austin, Texas
 Houston
 Colorado Springs
 Florida
 Boise
 Reno, NV
 Landlord
 Rehab
 Market Analysis
 Property Management
 Condo Conversion
 real estate guru
 Bank Foreclosure
 VA Homes
 Buy To Let
 Rent to Own
 Tax Deed
 Stop Foreclosure
 Retirement Planning
 Real Estate Investors
 International Real Estate
 Canada
 india
 United Kingdom
 Real Estate Seminars
 Negotiating
 Condo Hotel Investments
 Partnerships
 NNN Properties
 real estate notes
 Real Estate Education
 REO Properties
 Life Estate
 REIT
 Income Properties
 
 Mortgage and Finance 
 Mortgages
 Mortgage Leads Generation
 Mortgage Leads - Leads Mortgage
 Mortgage Marketing
 Creative RE Financing
 Hard Money Lender
 Debt Consolidation
 Income Property Financing
 Home Equity
 Credit Repair
 Mortgage Tools
 Home Construction Loan
 Commercial Loans
 Owner Finance
 Private Lenders
 Discounted Notes
 Assumable Mortgages
 Seller Financing
 Equity Lines of Credit
 
 Real Estate Pros 
 Real Estate Agent and Broker
 Mortgage Agent and Broker
 Real Estate Marketing
 Real Estate Consultant
 
 Real Estate Resources 
 Mortgage Foreclosure Example
 Mortgage Origination forms
 Property Transfers
 Tenancy Agreement and Form
 Internet and Online
Search


Real Estate Investing : Fixer Uppers Last Updated: May 14th, 2012 - 22:24:01


What You Need to Know About Buying Fixer Upper
Buyincomeproperty.com
 
Email this article
 Printer friendly page

Some people want a brand new home and nothing else will do. Then there are others who appreciate the personality of older homes that they can breathe new life into. If you happen to be one of those who would prefer the history and atmosphere of a fixer upper home, your search can be simplified with a task as simple as making a list.

Start your list with “Things I Like in a House.” This will help you narrow down your search for the perfect fixer upper. Do you like large bedrooms? Maybe you want a living room and a den. Is a fireplace a must-have? How important is the size of the yard? These questions should get you started. If you’re using the help of a real estate agent, pass this list along to your agent. He or she will be able to help you find the fixer upper of your dreams much faster with a list of your likes and preferences in hand.

If you plan to hire all the work done, the next step isn’t necessary. But most people who buy a fixer upper either buy one to save money or because they love the project of making the fixer upper house become their home.

If you plan to do some or all of your remodeling and renovating, the next step is important. Make a list of your abilities and skills. Be honest with yourself as you list them on paper. If you can do basic carpentry, list it. Most fixer uppers require some carpentry work. Can you hang sheetrock? Wallpaper? Strip and refinish hardwood floors? Most of those are fun things. Now take more serious projects into consideration. Could you rip up a subfloor and replace it? Can you roof the house? Do you have any masonry skills?  If you can’t do some of those things but know friends or family who will help for little or minimal charge, list them. If you want to do all the work yourself, you’ll know not to buy a fixer upper that requires more than the skills you have listed or the skills of family and friends willing to help.

Now that you know what you want in a fixer upper and what you can and can’t do yourself to improve it, the search will narrow greatly. Expect to sacrifice something along the way. For instance, you may like large bedrooms, but if the location is great and it’s got all the other items on your wish list, maybe you can give up on the large bedroom. Or, if a fixer upper house has absolutely everything you’ve dreamed of but needs a new roof, maybe you can choose to hire the work done. Get an estimate and give it some thought.

Once you’ve located the fixer upper you want to make your new home, remember that as you show off your new property to friends and family, they may have different ideas for it. Remember that ultimately you will have to live in it, so don’t fall into their plans for your fixer upper. The room that you love because it’s secluded from other areas, may be the one your grandmother insists you should tear a wall down in to open it up to the rest of the house.  Don’t let them get to you. It’s your fixer upper house, not theirs.

Walk through each room and make a list of renovations that need to be made to your fixer upper. Wait a few days and do the same thing again. You might find a few more projects that will need to be done to your fixer upper.

As you mark projects off your fixer upper list, you’ll see your house start to take on shape and a personality of its own.

 

Do you own real estate articles or stories and want to share with other investors? 
You have chance to win
$100 Amazon Gift Certificates. We will give away 3 prizes for top authors each month!

Email your articles or stories to:  articles@buyincomeproperties.com

 

© Copyright 2001 - 2010 by BuyIncomeProperties.com            Page copy protected against web site content infringement by Copyscape   

 


 

Visit Real Estate Forums for every real estate investing topics!  Enter Here

    

Top of Page



Home Courses Real Estate Forms Income Properties For Sale Forums CalculatorReal Estate Education    


Copyright © 2001 - 2010, BuyIncomeProperties.com. All Rights Reserved. Privacy Policy in Observance.