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Buying a Fixer Upper

Thinking about buying a fixing upper? Here’s what you should know before making the purchase.

First - the pros:

You’re going to have a lower purchase price compared to the move-in ready homes. You’ll also have a ton of customization potential, and of course the potential for increased value.


With the right renovations, you could significantly increase the home’s value.

Now, the cons.

Renovation costs can sometimes be high.


Unexpected issues can pop up which add to the expense.


Some lenders are hesitant to finance fixer-uppers, or you might even need a special type of loan to purchase the property


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