When it comes to home-buying, more and more people lean towards buying a fixer-upper and then renovating it and getting much better value for their money. It seems easy enough, you buy and old, disheveled house, invest some money and get a brand new house which is worth much more than before. But, is it really so simple? Well, it could be! If you are checking out some potential houses and wonder whether or not you should buy a fixer-upper in Marina CA, we’re here to help. Not only will we share our most valuable tips for buying a fixer-upper, Monterey moving and storage will be on your disposal if you need any help with your relocation.
What should you look for when you buy a fixer-upper in Marina CA?
Are you unfamiliar with the term fixer-upper? It is a house that requires major renovation and maintenance in order to be fit for living. These types of houses usually come at drastically lower prices than their neighbors in good condition. Which means that you can snag a house in an expensive neighborhood for a good price, if you choose wisely. The bad thing is that the renovations can take quite a while. So it may be months before you need to hire Marina CA movers to relocate you to your new home.
The most important things to pay attention to when buying a fixer-upper in Marina are:
- the price
- how damaged is the house
- where the property is located
- does the cost of renovation fit your planned budget
When it comes to the price of a fixer-upper, it is one of the main reasons why people even consider buying them. Purchasing a house that needs to be fixed can seem like a gamble, but you cannot resist the price, right? Look at the prices of fixer-uppers compared to regular property prices in the same neighborhood. You’ll see how much money you can potentially save. When we say “save” we mean that if the house doesn’t need any capital renovation you may get a much better value for your money than what you initially paid. On the other hand, if the house is in a bad neighborhood, or needs major renovation, you better skip it. You don’t want to end up paying more for a fixer-upper than you would for a brand new house. After all, when you plan your residential move you want it to be a to a better home than your current one, right?
The condition of the house
We already mentioned it is important to pay attention to the condition of the house when you look at potential fixer-uppers. Let’s clarify. Think about the most expensive things done when building a house. If there are major plumbing issues, there’s an undercover asbestos problem, or the foundation is cracked you’ll have to pay significantly more to fix those problems. Getting a home inspection in this case would be ideal. A home inspector with experience will be of great help with identifying all the underlying issues a fixer-upper may have which you would probably not notice.
Location, location, location. It’s what we all look for when buying a home. Whether in Marina or elsewhere, choosing a good neighborhood to live in is most people’s first thought when the topic of purchasing property comes up. California has many top neighborhoods, and as in all cities, the best neighborhoods are usually the most expensive ones. It is no different in Marina. If you are looking for California intrastate movers to move you to your new home, choose wisely the house that you will soon be living in. One of the major perks of buying a fixer-upper is that you can get an excellent price for a home in lux locations. If you consider that the same house in better condition costs up to 3 times more, the math is clear.
The cost of renovation vs your budget
Another crucial aspect of buying a fixer-upper is the cost of renovation. Although it is very hard to precisely say how much renovations are going to cost, it is good to have a general idea and whether it fits into your budget. Compare the prices of homes in the same neighborhood and see how much you are willing to pay for renos. For example, if a house in a certain Marina neighborhood is $300,000 and the cost of renovating the fixer-upper you’re looking at is $150,000 you want the price of the house itself to be $150,000 or under. In other words, you want to get as much worth for your money as possible.
You decided to buy a fixer-upper in Marina CA? We will help you move!
If you found your perfect house in Marina, California and it is a fixer-upper – that is great! If the house is in generally good condition, with need for minor renovations it can actually be a good thing. You can personalize the space as you wish. Always had an idea of a dream-kitchen? This is your time to shine. If you buy a fixer-upper in Marina CA it may just leave you with enough money for a kitchen-remodeling. Just make sure to get home inspection before you decide to purchase any house. You want to avoid houses with major flaws. Such houses often end up costing more than you originally intended to pay for a new home.