Are you the right buyer?
People buy fixer uppers for two main reasons: to create rental income properties or to live in them. Either way, here are the qualities you need to make buying a fixer upper work. You:
- Have a good eye for houses worth saving
- Have a thorough understanding of how much work the house will need, and the funds or financing to back it up.
- Know which neighbourhoods are in demand, so your property will continue to grow in value even when the construction is done.
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