Fixer Upper or Difficult Downer?

(May 16, 2016)

You know the drill – you see that perfect house, the one that you can just envision in your mind as fixer upperbeing your dream house…once you get done changing everything about it, that is. The sagging porch, decades old décor, and torn up flooring don’t deter you, and before you know it you’re living knee deep in unfinished projects. Most likely, you are also feeling overwhelmed at the prospect of all the time and money it’s going to take to get your fixer upper "fixed up".

People buy rundown houses with the best of intentions. Or, they've inherited a childhood home that they want to bring back to it's glory days.  But more often than not, they don’t know what they’re getting into until it’s too late, and by then they may be in way over their head. And it’s not just the physical renovations that can be a problem – according to a survey of over 100,000 visitors (Houzz is a massive home improvement website), 12% of people claimed that their home improvement projects brought up the possibility of divorce! Then, there are unexpected expenses – the same survey showed that 41% of projects go over budget.

Those are some pretty serious impacts during what should be an exciting time. If you’ve found yourself in the midst of a home makeover project that just isn’t working out the way you’d hoped, or you’ve decided that creating your dream house has turned into too much of a nightmare, it might be time to consider selling your fixer upper for cash before it brings you down even more, emotionally and financially.

 make me an offer

Jennifer Shenbaum

Written by Jennifer Shenbaum

Jennifer Shenbaum is a real estate investor based in Southern California. She is a veteran of the housing market crash of 2007. Best of all, she offers free remodeling ideas to all who ask.

Post a Comment