2. It’s in a Desirable (or Soon-to-Be Desirable) Neighborhood
One of the top fixer-upper tips is to choose a home in a good location.
“Buying a fixer is a tremendous way to build wealth and buy into an expensive neighborhood where the median home value is above what you’d normally be able to afford,” said Fred McGill, licensed agent and CEO of SimpleShowing Real Estate. “Buying a fixer is also a good option if you’re attempting to buy in a neighborhood that is up-and-coming or adjacent to a hot neighborhood.”