Fixing up a property can be a fun, fulfilling experience for many homeowners. But fixer-uppers can be challenging in the best of times—and with some of the challenges in today’s market, this doesn’t exactly qualify as “the best of times.”
A recent article from realtor.com outlined some of the reasons why now might not be the best time to buy a fixer-upper property, including:
Bottom line? There are definite challenges associated with buying a fixer-upper in today’s real estate market—and buying a new construction or a newer home with fewer necessary repairs is probably going to be a safer bet. But if you’re set on making a fixer-upper purchase? Talk to your real estate agent. They can help you better understand the challenges associated with buying a fixer upper—and help you get a plan in place for navigating those challenges.