When you are considering purchasing a home, choosing between a fixer-upper and a move-in ready property can be tough. While buying a fixer-upper allows you to customize the house over a period of a few months to a year, you can quickly get settled into a move-in ready option. If you are uncertain about what to choose, it is helpful to know a bit more about each. Trusted real estate agent Jim Haldeman at RE/MAX Homes & Hills Realty in Black River Falls, WI, shares four frequently asked questions on the topic to help you decide.
Should I Get an Inspection Before Buying?
The process of completing a fixer-upper project is not always predictable. Problems such as structural issues, termites, asbestos, and water damage are difficult to detect, especially if the home needs to be rehabilitated rather than just cosmetically updated. As such, a thorough inspection is critical. If the house seems like too much to handle after getting the results, you can ask the seller to lower the price or back out of the deal.
Will My Taxes Be Lower?
Since property taxes are based on the original sale price of the home, buying a fixer-upper and remodeling it to fit your needs will save you money each year. Moreover, if you make improvements that increase the home’s value, such as updating the heating and cooling systems, plumbing, and insulation, you may qualify for a tax deduction.
Move-In Ready Homes
Can I Still Customize the House?
A common concern most home buyers share is whether they can customize a move-in ready home. While no construction is necessary, you can make small cosmetic changes. Show your personality through interior design, wall paint colors, and landscaping.
Are Move-In Ready Homes More Expensive?
Move-in ready real estate is initially more expensive than fixer-uppers because they don’t require any major updates. These homes are also newer and have more money-saving, energy-efficient appliances, insulation, windows, and doors. In contrast, older fixer-uppers must be updated to become energy efficient.
If you still need help deciding what type of house to purchase, real estate agent Jim Haldeman at RE/MAX Homes & Hills Realty will assist. With 16 years of experience in the industry, he has the market expertise, skill, and resources to find a home that best suits your needs. For more information about this dedicated real estate agent and his current listings, visit the website, or call (715) 284-0610 today to schedule an appointment.