Fixer-Upper or “Flipper-Upper”?

Money will dictate every single purchase we make in our home. But what about those people that have yet to buy their home? It can be easier to purchase a fixer-upper, but does this mean that we will spend more money getting it up to code? On the other hand, there are people who are looking for a newly renovated property, because this requires less upkeep, and the value of the property is right there in front of them. But should we buy a fixer-upper? Is it actually worth the investment? Or are we just better off purchasing a renovated, “flipped up” property? A fixer-upper It all depends on the state of the property. If, at the very outset, you’re going to spend a month cleaning your home before you take stock of what needs altering, you’ve got to think about the impact on your finances, as well as your sanity! Fixer-uppers are great in theory, but if you spend six months to a year getting everything just right, will this make it an emotionally draining process? Fixer-uppers are best done in sections. Perhaps it’s worth undertaking the kitchen renovations first and moving on gradually to each room. This will make it easier on your bank balance and make sure you’re not stressing out because the whole house has been gutted from top to bottom. As a fixer-upper, there’s a lot more leeway in terms of creating the home you want. And if you are intending to sell the property on, flipping the home in… Read More