Buying a Fixer-Upper as Your First Home
Buying a Fixer-Upper as Your First Home Buying a Fixer-U pper as Your First Home Whether you’re a do-it-yourselfer, have a cadre of handyman friends and family, or figure that after binge-watching Rehab Addict, Renovation Realities, and This Old House you can tackle anything, buying a fixer-upper as your first home requires quite a bit of planning . After all, a home that appears — at first glance — in need of just a little TLC might turn into a real renovation nightmare. You definitely don’t want to get sucked into a financial black hole that rivals The Money Pit. Potential Make-Or-Break Considerations How can you tell if a house is a diamond in the rough or too rough to rescue? Schedule a home inspection to identify major structural issues like problems with the foundation, plumbing, or termites. If you find a house you really like, it’s not a bad idea to ask a contractor to take a look. You may need to pay a few hundred dollars...