Buying Highlands NC Real Estate, Fixer Upper
Buying Highlands NC real estate can often involve buying a fixer-upper. However, a fixer-upper is not for everyone. While at face value a fixer-upper can appear to be a bargain, the reality is that a fixer-upper may require a lot of work and a large investment. It is critical to understand the exact condition of a home. An experienced Highlands NC REALTOR can help ensure that details are combed through to enter a fixer-upper purchase with eyes wide open.
What are you looking for?
It is important for a buyer to know what he is looking for when conducting a Highlands NC property search. Looking for an investment property is one thing, looking for a family home is another. While every real estate purchase is an investment, there is a difference between a fix-and-flip and a home to be treasured. Turning a fixer-upper into a dream home or having a vacation rental are two different things. However, sometimes these two goals can be merged. After all, renting a dream home out when not in use can help cover some of the ownership costs.
How much work needs to be done?
One fixer-upper may simply be dated, requiring new flooring, a paint job, and perhaps some new fixtures. Another may need a complete gut job. The important thing to know is what you want out of the home and what you have to do to make it suit your needs. As such, speaking with reputable contractors is an important first step and something to do during the due diligence period. Having a solid understanding of costs and time frames is essential. Homework should be done to avoid purchasing a money pit.
Learn more about buying Highlands NC real estate
Contact our team at Berkshire Hathaway HomeServices Meadows Mountain Realty today to learn more about buying homes in Highlands NC. We welcome the opportunity to update you on current market conditions while getting you started on your property search. Let our knowledge and experience serve as your guide to Highlands NC real estate.
Click here to read “Don’t Buy That Fixer-Upper (Unless You Know These 4 Things)” from House Logic.