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Buying a fixer upper in Colorado Springs - Part 1

05/02/08

Permalink 12:43:22 pm, by Patricia Email , 301 words   English (US)
Categories: Welcome

Buying a fixer upper in Colorado Springs - Part 1

During your home search you will probably run across some homes that need work, there are many fixer uppers on the market in Colorado Springs.

Follow up:

 

 

 

Before you consider buying a fixer upper, it is important to ask yourself a few questions:

 

1.  Do you mind living in a construction zone?   It is difficult for some people to live in a home during extensive remodels.  Usually, the room being remodeled cannot be used and that may not seem like a big deal until you are in the middle of the job.  If you are working on the kitchen, you probably will not have use of the sink or counter tops for a while.  Remodels can become pretty messy and create a lot of construction dust in the home as well.

2.  Have you priced out the remodels?  You love the house but need to knock out a few walls, renovate the bathrooms, finish the basement, and paint.  If you are going to update a home, it costs money.  If you are going to do the work yourself it is important to price out the cost of materials.  On the other hand, if you are going to hire a contractor, you can count on spending some cash and it usually is not cheap.  You would be surprised how quickly remodels add up!!  Do the math to avoid buying a home that is a money pit.

Sure the television shows make it look easy but remodeling anything but easy, especially if you are doing the work yourself.

Read Also:  Buying a fixer upper in Colorado Springs - Part 2

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For information on the buying process and available Colorado Springs Housing please go to www.patricia-beck.com.

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1 comment

Comment from: fxrupper [Visitor] · http://www.fastfixerupperprofits.com/
Good post. Many people buy fixer upper homes thinking that they will make a huge profit when they resell it. But this may not be the case with all the fixer uppers. So, one must act with utmost care while selecting a fixer upper. When you first consider buying a fixer upper, be sure to add up every cost that you will need to spend for renovation. This includes large items, such as replacing the roof, to little items like buying a door for a closet. All the little costs that don’t seem like they add up to much can break a budget very quickly if you do not factor them in to the total cost.
05/07/08 @ 04:43

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Patricia Beck, GRI
4065 N Sinton Rd, Suite 100
Colorado Springs, Co 80907
Cell: 719-660-9058
Fax: 719-638-4319


Colorado Springs Realty Patricia Beck (Prudential Professional Realtors, GRI): Real Estate Agent in Colorado Springs, El Paso County, Colorado
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