As a Realtor, I get a lot of calls from friends, family, and potential clients who are seeking older homes to purchase, and renovate. What I have seen in my years as a Realtor, is that if you don’t take the time to really evaluate a home, you will almost certainly find yourself losing money, sometimes great sums of it.
What do you look for if you are just venturing into the market as an investor? Maybe you are considering buying the home, the fixer-upper for yourself, and renovating. What do you need to watch out for?
The video below produced by the hosts at HGTV, offer a short insight into the due-diligence process when buying an “as is” home. The specific signs to watch out for, knowing that they may mean high-costs for repairs?
What are the tell-tale signs when examining a home that may mean you may need a lot more money put into it, than you can get out of it in resell? Buying a home for yourself to renovate, how to know when it may be more than your skill-set, or pocket-book.
Do you have other suggestions, or tips not mentioned in the video? Please share them, and put in the comment section below.
Considering looking at “as is” homes, or need a list of those currently available in our market? Please text or call 502-619-4185 for a complete list, for any area of the Louisville market. You can also email for a list too!