Did you know there are GOOD fixer uppers and BAD fixer uppers? It's true! Just because a home needs work and has a low price tag on it, doesn't automatically make it a
good deal. Some jobs are costly, difficult and don't add value to the home; while other jobs such as flooring and bathroom renos aren't that hard to do and will add
significant value to the home. (When done properly).
As a general rule of thumb, you should try to stay away from fixer uppers that require foundation work, mould removal, asbestos removal, structural repairs, electrical work etc.
The best fixer uppers are homes that have been very well maintained over the years and only require "cosmetic" updating. For example, a well maintained home that only requires "cosmetic" updating
will have relatively new windows, furnace, and electrical etc., but the kitchen, bathrooms and flooring (although clean and well maintained) are 20+ years old. Homes like this are ideal
fixer uppers, because kitchen, bathroom and flooring updates are amongst the easiest jobs to do and also add the most value.
We have agents who are very familiar with home construction and know how to determine a good fixer upper from a bad fixer upper. Our agents also know how to properly price a fixer upper
and how to properly estimate a home's value once it has been renovated. This is crucial for anyone who wants to buy a fixer upper.
If you're interested in finding a good fixer upper, you can complete the form below now to request a free list of good fixer upper opportunities.
Write "FIXER UPPER" in the "details" section of the form.
Ultramax Realty Inc. is a premium quality, full service real estate brokerage in Ontario Canada. We provide Buyers and Sellers with the industry's highest level of service. We have extensive real estate knowledge and exceptional marketing. Ensure your transaction goes as smoothly as possible, contact us now for a free consultation: 1-888-582-0282
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