What to Look for in a Fixer Upper

Some fixer upper homes may require a major overhaul.

For home buyers willing to do a little work, a fixer upper home may offer an opportunity to save money. The definition of a fixer upper home can vary widely, ranging from those needing simple cosmetic repairs to major construction projects. Before purchasing a fixer upper home, buyers should take time to consider several important points. This process can help determine if a fixer upper is the right choice for the buyer.

Structural Integrity

Repairing a roof can be an expensive project.

Unless a major construction project is within your ability and budget, the structural integrity of a fixer upper home should be the first consideration. Issues such as repairing roof truces, cracked foundations, sagging floors or crumbling masonry should be inspected carefully to determine the extent of repairs that will be necessary. If possible, consider hiring a professional home inspector to look over the structure for major issues and offer repair cost estimates.

Flexibility

If you're looking for more room, consider homes with an unfinished basement or attic.

To make the most of a fixer upper home, the floor plan and layout should allow some flexibility and reconfiguration. This is typically achieved by removing walls to enlarge spaces, re-purposing existing rooms or sub-dividing rooms into multiple areas. Fixer uppers with an unfinished basement, attic or bonus room offer the potential for remodeling without the cost of demolition.

Scope

Be sure the project is within your ability and budget.

Before purchasing a fixer upper home, carefully consider the scope of the work necessary to complete the project. If you plan to do most of the work yourself, look for a home that only need work that is within your ability. For larger projects, consider getting bids from contractors before making any decisions. A fixer upper project should be fun, not an expensive nightmare.

Restrictions

Making repairs or changes to a fixer upper may require inspections, permits or permission to complete. In some cases, a homeowners association or condo board may need to approve any work before it begins. To avoid possible delays or other issues, look for fixer uppers in areas free of building restrictions or community codes. For older fixer uppers, investigate possible historic preservation laws that may affect your project.

References

• Home Buyer's Information Center: Buying "Fixer Uppers"
• This Old House: Should You Buy That Fixer-Upper?