Buying YEG Real Estate? Here’s why you might want to consider a fixer upper
Sun, 12 Mar
When it comes to buying real estate in Edmonton, many homebuyers are drawn to new or recently renovated homes. However, there are several reasons why you might want to consider a “fixer-upper” instead. Firstly, a fixer-upper is typically priced lower than a move-in ready home. This means that you can often get more square footage and a larger lot for your money. Additionally, if you’re willing to put in some sweat equity, you can potentially increase the value of your home over time.
Another advantage of buying a home that requires renovations is the opportunity to customize the space to your liking. With a move-in ready home, you’re limited to the existing layout, finishes, and features. When renovating, you have the freedom to turn something with “good bones’ or the “perfect ” location, into your dream home – whether that means knocking down walls, installing new appliances, or adding a deck or patio.
Of course, buying a fixer-upper does come with some challenges. You’ll need to have a solid understanding of your budget and the costs associated with renovations, as well as a clear idea of what you’re looking for in a home. You’ll also need to be prepared to handle the logistics of the renovation process, including obtaining permits, hiring contractors, and managing timelines.
However, for those who are up for the challenge, a fixer-upper can be a great investment. By putting in the work to renovate and customize your home, you can create a space that truly feels like your own, while potentially increasing its value over time. So if you’re in the market for a home in Edmonton, don’t overlook the potential of a fixer-upper!