What to Ask About When Buying a Fixer-Upper

by Eve Marinik 08/23/2021

Photo by Michael Jarmoluk via Pixabay

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.

Foundation

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. 

Water

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

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.

About the Author
Author

Eve Marinik

 Eve Rados Marinik received her Real Estate license in 1989. She is a Top Producing Agent with Douglas Realty. Eve has earned a Bachelor of Science Degree in Accounting, from The American University in Washington, D.C.. She has also earned her SRES (Seniors Real Estate Specialist) Designation and her CNE (Certified Negotiation Expert Designation from the National Association of Realtors. Eve's clients range from 1st time home buyers to those seeking retirement lifestyles. Eve also specializes in helping to sell properties in Estates, Trusts and in Probate. She also is proficient and experienced in selling properties that have expired with another Realtor. In addition to the real estate services she and her staff provide direct access to lenders, new home builders and developers, investors, appraisers, title companies, financial planners, licensed contractors, caregivers, organizers, packing and moving services, retirement communities, and more. Every client is very special to Eve and her team. Each client has his or her special and individual needs. You or someone you may refer Eve to, will be treated like "One in a Million" by her. Focused, Community Serving, Savvy, Helpful, Top Producers, and a Great Negotiator! Specialties and Designations Investment Property, Senior Living, Resale Residential, Suburban Living, Condominiums, Single Family Homes and Townhomes, Senior Housing Specialist SRES (Leisure World).