The Property Brothers love renovating a fixer upper as a way to get more house for your dollar. They recommend, however, to always get a home inspection before purchasing an older home. A home inspection will reveal additional problems that will need to be fixed. You can then negotiate for the seller to either make the repairs or lower the sale price to account for the additional fixes. This worked for a recent client in the renovation of her old home.
- Older homes have a lot of charm but they can cost more than new homes because of needed repairs. These can be very costly.
- always get an inspection when buying a home. Things can look good on the surface but an inspector can find hidden problems like damaged foundations or furnaces.
- Save money on an old home buy negotiating at a salvage store for furnishings, maximizing space already in the home and re-purposing items already in the home.
“See how these words of warning play out in our recap of the show below, plus the lessons learned that might apply to your own experiences buying a home—old or new.”