Unlocking Potential: What to Consider When Buying a Fixer-Upper

Investing in a fixer-upper can be a smart move, offering affordability and the opportunity to shape your dream home. However, not all fixer-uppers are created equal. To ensure you're making a wise investment, consider these essential factors before diving in.

1. Strategic Location: The mantra in real estate is true – location matters. Select a fixer-upper in a neighborhood with high buyer demand. Investing in a property surrounded by abandoned buildings or plagued by crime, no matter how beautifully renovated, might not attract potential buyers. Opt for a fixer-upper in a thriving area to maximize your investment.

2. Thoughtful Floor Plan: Evaluate the existing floor plan. If you find oddities like a kitchen on the upper floor or a sole bathroom in the basement, extensive remodeling will be necessary. Such drastic changes can incur substantial costs, potentially outweighing any profit. Focus on properties with layouts that cater to common homebuyer needs to save on renovation expenses.

3. Bedroom and Bathroom Configuration: The number of bedrooms and bathrooms significantly impacts a property's appeal. A three-bedroom, two-bathroom fixer-upper is generally more marketable than a two-bedroom, one-bathroom option. When considering a purchase, prioritize properties with a layout that aligns with buyer preferences, increasing your chances of a successful flip or rental.

4. Considerable Condition: While the essence of a fixer-upper is its need for repairs, the extent of required work matters. Superficial issues like repainting are manageable, but major concerns like roof replacements or faulty foundations can be financially crippling. Consulting a local real estate agent experienced in investment properties can help assess the potential expenses, ensuring the purchase remains financially viable.

Whether you're flipping for profit, renting, or planning to reside in the property, keeping these factors in mind is crucial. If you're considering a home purchase in Central Ohio, entrust your journey to Realtor Rita Boswell. Start your search today on our website, and when you're ready to explore homes in person, call or text Rita Boswell at 614-830-9767. Your dream home might be closer than you think!

Browse Short Sales, REOs, and Auction Homes For Sale in Central Ohio

53 Properties
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2
Beds
1
Baths
1,042
Sq.Ft.
1910
Year Built
1
Day on Site
224011913
MLS
3
Beds
1
Baths
1,254
Sq.Ft.
1900
Year Built
1
Day on Site
224011944
MLS
3
Beds
2F11/2
Baths
1,316
Sq.Ft.
1972
Year Built
1
Day on Site
224011968
MLS
2
Beds
1F11/2
Baths
1,200
Sq.Ft.
1937
Year Built
2
Days on Site
224011773
MLS
3
Beds
1
Baths
1,188
Sq.Ft.
1966
Year Built
2
Days on Site
224011778
MLS
Open 4/23
2420 Cullison Road Utica,  OH 43080
3
Beds
2
Baths
1,456
Sq.Ft.
1995
Year Built
3
Days on Site
224011485
MLS
$75,000
Neighborhood: West Park
3
Beds
2
Baths
1,928
Sq.Ft.
1902
Year Built
4
Days on Site
224011460
MLS
Open 4/20
17520 State Route 161 Plain City,  OH 43064
5
Beds
1
Baths
4,533
Sq.Ft.
1900
Year Built
5
Days on Site
224011195
MLS
$250,000
Neighborhood: Strathaven Of Worthington Condominiums
2
Beds
3F11/2
Baths
1,900
Sq.Ft.
1984
Year Built
5
Days on Site
224011233
MLS
Open 4/23
286 Arbor Drive Sunbury,  OH 43074
3
Beds
1
Baths
1,200
Sq.Ft.
1961
Year Built
5
Days on Site
224011232
MLS
Open 4/21
1100 W Jefferson Kiousville Road West Jefferson,  OH 43162
5
Beds
3F11/2
Baths
3,974
Sq.Ft.
1997
Year Built
5
Days on Site
224011269
MLS
2
Beds
1
Baths
3,858
Sq.Ft.
1963
Year Built
5
Days on Site
224011293
MLS

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