Fixer Upper Potential or Money Pit?

Renovating a fixer-upper is not for the faint of heart. It takes patience, sweat equity and deep pockets. Thanks to a limited inventory of affordable entry-level homes and the aging of America’s housing stock, a growing number of home buyers are considering fixer-uppers. While a fixer-upper might have an appealing price tag, the markdown might not make up for basic renovation costs. Do the math. It can be an overwhelming process if you don’t really know what you’re doing. You have to be careful that you don’t get in over your head.

10 Warning Signs That House Might be a Money Pit Bob Vila

Remodeling Industry Picks Up Harvard Joint Center for Housing Studies

Your Fixer Upper May be a Money Pit MoneyCrashers.com

Share this:
Mark Danforth Lomas

Recent Posts

Rent Control, Proposition 33, and Proposition 13

In this post we will address some of the pros and cons of Rent Control…

3 weeks ago

Home Prices and Market Trends

Home prices in Santa Barbara continue to fluctuate, presenting a mixed picture for buyers and…

4 months ago

How Do the New Commission Rules Work?

The recent changes to real estate commission rules, which took effect on August 17, 2024,…

4 months ago

Santa Barbara Real Estate Trends

The Santa Barbara real estate market trends for 2024 have been admirable. In the first…

4 months ago

Old Spanish Day’s 100th Anniversary

Santa Barbara’s rich heritage comes alive during the first week in August with the music,…

5 months ago

Mid Year Update

Looking back at the last six months the south coast of Santa Barbara, spanning from…

6 months ago