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When you’re shopping for a new home, the prospect of a fixer-upper being on the market for an unbeatable price sounds great! There are a few things that should be on your checklist to make sure that the juice is worth the squeeze when purchasing a home. A fixer-upper that needs mainly aesthetic repair is usually a good deal. Just make sure you ask your real estate agent or the property owner about some costly, but necessary, repairs.
First off, any home that is worth its weight in gold needs to have a good foundation. Foundation issues can be quite expensive, depending on the type of repair needed. For example, all houses will settle over time. It’s only natural. But if your prospective home has settled too much it can lead to slab leaks, cracks and serious structural issues; which may lead to expensive repairs.
Plumbing issues can range from a minor leak in the faucet to a cracked supply or drain line, which can either be a slight nuisance or a major flooding issue (and flood damage is not a cheap fix on its own). Along with the immediate cost of the plumbing repairs themselves, plumbing problems can cause higher monthly water bills.
Electrical issues can not only be costly to repair but very unsafe. If you are shopping for a home, make sure to check with the homeowner or agent about the quality of wiring, electrical sockets, etc. to avoid both the costly repairs.
Remember, when shopping for that great fixer-upper in your new neighborhood make sure to check these three big boxes before choosing your soon-to-be dream home.
Garden State Realty LLC is a boutique real estate brokerage firm located in Livingston, New Jersey representing clients and customers from all over the world. We have a great deal of passion and success in real estate using our unique business model, and built a reputation for excellence and professionalism.
The qualities and skills of an excellent real estate professional are integrity, updated market knowledge, marketing savviness, effective negotiation skills and a high-quality professional network, all of which are hallmarks of how our team operates.
We provide the very best service: putting our clients first, being good listeners as well as good communicators, and responding quickly to all your needs.
