When Choosing a Fixer-Upper Makes Cents
Some renovations can significantly increase the market value of a home. Others can cost more than you’ll ever get back.
So, when choosing a “fixer-upper”, look carefully at the work that needs to be done.
General painting, and bathroom or kitchen renovations typically increase the resale value of a house. “Invisible” repairs such as plumbing, electrical, or heating systems do not.
Before you buy, work with your REALTOR® to develop a market value estimate of the house you are considering as though the renovations you’re contemplating are already complete.
If the math works, go for it. Buying a “fixer-upper” can be very rewarding.
Thinking about buying or selling a home in the Charlotte area?
Nina Hollander is an expert local real estate agent serving Charlotte and surrounding communities. Whether you’re just starting your search or ready to make a move, Nina is here to provide trusted guidance every step of the way. Contact Nina today to get personalized help with your real estate goals.
Thinking about selling your Charlotte home? Request our free Charlotte home value report and to see what your home may be worth in today’s real estate market.
Check out the Real Estate Market in Charlotte NC
I work hard for my clients to ensure they have the best selling or buying experience possible. For comprehensive real estate information in the Greater Charlotte NC area, check out the links below!
