Buying a fixer-upper can be an exciting and rewarding experience, but there are some pros and cons to consider before making the investment.

The Pros✅

Purchasing a fixer-upper allows you to customize your home exactly as you'd like it and potentially save money compared to buying a move-in-ready property. You'll also have the opportunity to increase your home's value by making improvements over time.

The Cons❌

However, buying a fixer-upper requires more work than purchasing a turnkey property – it can be difficult to estimate how much work and how much it will ultimately cost. And depending on the condition of the property, you may need permits or additional funding for renovations or repairs. 

Things to Consider🤔

Before investing in a fixer-upper, talk with local contractors about what kinds of repairs or improvements might be needed and get an estimated cost for each of them. It's also important to have a plan for completing each project so you don't take on more than you can handle at once. Additionally, consider researching financing options – some lenders offer special programs designed specifically for buyers looking to purchase fixer-uppers. Finally, make sure that any renovations or repairs are up to code and meet all necessary building regulations – this is particularly important if you’re planning on renting out the property after purchase. 

Buying a fixer-upper can be financially rewarding in the long run, but it's important to do your research and weigh out the potential costs and benefits before committing to the purchase decision.