If you are in the real estate market, buying a fixer-upper could be the perfect diamond in the rough for your next dream home. With a bit of elbow grease and patience buying a fixer-upper can be a satisfying experience that will give you a clean slate to add your personal touches.
“Before you complete the sale of a fixer-upper it is crucial to have a certified and experienced home inspector thoroughly evaluate the property,” said Jim Dohr, president of Coldwell Banker Gundaker. “The home inspector will determine the condition of the property, the area, and whether the renovations needed are mostly minor cosmetic repairs or major structural changes.”
The ideal fixer-upper is a house that needs mostly cosmetic renovations including:
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- Painting indoors and outdoors
- Stripping wallpaper
- Installing new lighting
- Refinishing floors
- Replacing doors and windows
- Updating kitchens/baths
More complex and costly renovations include replacing the air conditioning and central heating system, installing a new roof, pouring cement for a driveway, tearing down walls and adding extra space.
If you find the neighborhood that you like and a home with a lot of potential, choosing a fixer-upper may be the solution for your housing needs.
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Coldwell Banker Gundaker, the leading residential real estate brokerage company in St. Louis, operates 19 offices and is affiliated with 1,500 independent sales associates serving metropolitan St. Louis and east-central Missouri. Coldwell Banker Gundaker is part of NRT LLC, the nation’s largest residential real estate brokerage company. For more information, please visit www.cbgundaker.com.
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Real estate agents affiliated with Coldwell Banker Gundaker are independent contractor sales associates and are not employees of Coldwell Banker Gundaker