Buying a Project Home

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In today’s housing market you can find almost any type of home you can think of. From new homes to Victorian homes, you can find it. One type of home that many people shy away from are project homes, also known as fixer uppers. Often a little TLC can spruce up a project home, but sometimes a project home could be a money pit. Before investing in a project home you should consider a few factors.

First, consider how much time and money you have to put into the home. Fixer uppers take a certain amount of commitment from their owners, and sometimes if major repairs cannot be made early on then the house could deteriorate into further disrepair.

You should inspect the home and surrounding property carefully. The owners may not have filled the realtor or you in on everything at fault with the house. Make sure to check the house foundation, pipes, and wood for any signs of problems too large for you to handle. If possible, you may want to hire an inspector to look at the home and tell you everything that will have to be done.

Consider if you are going to be living in the house while doing the repairs. Most home buyers are planning to move into their new house right away, and so should carefully consider the full extent of the work the home will need. Ask yourself if it is safe or reasonable for you to live in the house while doing repairs. If not then you may want to look for a home that will need less TLC.

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Buying a new home can be stressful, especially for first time buyers. Buying a fixer upper can be even trickier. If you’re interested in buying a project home then it is a great time to get in touch with a RE/MAX agent, like Lisa Jones. Lisa can help you narrow down your search and get you well on your way into your new home.

I am a seasoned realtor in College Station, TX affiliated with RE/MAX Bryan-College Station. I offer a one-stop source for real estate services and information about Bryan-College Station Real Estate. Please visit my website for a complete list of real properties for sale in Bryan College Station - you just might find the home you have been dreaming of! Or Call today (979) 255-7010