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The Ideal Fixer Upper Home
The perfect fixer upper is the home that everybody wants when fixed up
but few can see past its imperfections to buy. The peeling paint, sagging
ceiling or worn carpet are correctable features that turn off many home
buyers. They can't see past the disarray. Most first-time home buyers want
to buy a home in pristine condition, one that is turnkey and ready to
occupy. Columbus has a variety of locations ready for the handy person!
What to Look For in a Columbus Fixer Upper Home
Location.
You've heard it a million times but it's true -- location drives saleability.
Don't buy a fixer upper that is located on a busy street, next to a school or
across the street from a power plant. Look at fixers in desirable
neighborhoods. That doesn't mean you can't make money in a challenged
neighborhood fixer!
Examine the surrounding homes and pay attention to how the homes are
maintained. Are the lawns manicured? Do you notice deferred maintenance
on the neighboring exteriors? Does the neighborhood appear conforming
with mostly owner-occupied housing?
Configuration.
The best type of fixer upper to buy is one that will appeal to the largest
pool of buyers, which is a 3 bedroom with more than one bath. That's not
to say a two bedroom isn't profitable, especially in a neighborhood of
primarily two bedrooms, but three are better. If three bedrooms are better,
four are better yet as some buyers who need a four bedroom will not
consider a three bedroom, but a three-bedroom buyer will purchase a four
bedroom.
Layout.
If the home is chopped up with a bad layout, realize that it can be
expensive or impractical to move walls. The layout should flow. Bedrooms
at opposite ends of the home will turnoff buyers with young children, as will
a two-story with the master upstairs and the other bedrooms downstairs.
Kitchens with more than one entrance are desirable. Some buyers do not
like dining rooms serving as the central focal point of the home, from which
every other room is accessed.
Condition.
What's a major rehab to one home buyer is a walk in the park for another.
Consider your expertise and whether you want to tackle a home that
requires a major renovation to make it habitable. Minor cosmetic
improvements are typically less costly and easier on your budget.
Use An Agent
Should you decide to follow the path of a "fixer-upper" purchase, talk to a
Realtor about finding the area and price range you are looking in. Realtors
usually have the first inside information about homes ready for the
handy-person. A Realtor can get you inside which will help you view
necessary repair jobs and the opportunity to visualize your dream for the
property.
The Anders Team
614-527-0811
theandersteam@aol.com
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| The Fixer-Upper |
The Possibilities!
Before After
Before After
