When you are shopping for a new home for your family, you need to consider the amount of work that you are willing to put into the property. Some busy professionals want a home that is move-in ready so that they don’t have to worry about renovations or home improvement projects. But, there are some families who enjoy the process of transforming a fixer-upper into the home that they have always wanted to own.
Here are a few tips to help you decide if a fixer-upper is a right solution for you:
Consider the Needs of Your Family
Do you feel like you are already stretched thin trying to keep up with school activities, your career, and the other responsibilities that come with family life? If it is overwhelming to you to buy a home that will need repairs, then you should probably avoid a fixer-upper. Or, find a good contractor who can oversee the construction to ensure that everything is completed to match your specifications.
On the other hand, if you love the creation process, then your family might have a fun time planning the renovations together. Talk to your spouse and children to see if a fixer-upper is a project that you can use to strengthen family relationships by working as a team.
Look at Your Budget
It is important that you consider your budget for the project. If you think that you are going to make major renovations to a fixer-upper with only $2,000, then you need to keep looking for a better home! A small renovation budget will limit the options that are available. Make sure that you have a strong budget to ensure that these home improvement projects are done right.
So, you need to consider the renovations that will be necessary, to make sure that you have enough money available to pay for these costs. The right home improvement budget could enable you to buy a home and maximize your investment by improving an outdated property.
Hire the Best Real Estate Team
The best thing that you can do to improve the success of buying a fixer-upper is by choosing a real estate team with a lot of experience in the Atlanta area. Your real estate agent will be able to help you find properties with potential. Together, you can look at comparable homes in the area so that you can estimate the equity that is available if you upgrade the home.
For more information about fixer-uppers and move-in-ready homes, talk to the experts here at DUFFY Realty. We have worked hard to build the best reputation in the Atlanta real estate industry. Our team is here to offer the assistance that you need to choose the best home for your family.
Call us to learn more about the real estate services that are available when you are ready to buy a home: (678) 318-1700