Property for Sale Portugal Lisbon Coast

What to Look for in a Fixer Upper Home

Location
Buying a fixer upper home in a good neighborhood or desirable location will make it very easy to sell once it’s fixed up. Be sure to look into the location of every fixer upper home you consider. Are property values in the neighborhood increasing or decreasing? Does the area have a growing population? Is there demand for real estate in the area? Do the local economy, school system, and other amenities add to the home’s desirability or value? All of these factors can have an impact on how much your home investment will grow in value, both when you finish the repairs and over the coming years.

Configuration and Layout
Be sure to consider the basic structure of a home you plan to fix up. Does the property have a good floor plan, or are you going to have to knock out walls or make major structural changes to make it a good property? Sometimes, the more expensive repairs can really pile up. The ideal fixer upper home has a good ‘skeleton’. This means that you want to try to buy homes that have a solid foundation, basic layout and configuration, and structural integrity. By buying a fixer upper that had the basics, you can simply add on to them to improve the home, instead of having to break the home down further before you build it back up.

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