4. The ‘Fixes’ Needed Are Mainly Cosmetic
You should stay away from homes with mold, moisture problems, water issues and other major issues, said McGill. But if the changes that need to be made are mainly cosmetic, it’s a good buy.
“Find homes that need mostly cosmetic fixes like flooring, paint, a new kitchen or new baths,” he said.
Fixer-upper kitchens, fixer-upper living rooms and fixer-upper bathrooms can be big investments, but they will still cost less than having to do major construction to the structure. Kitchen remodeling can involve buying new countertop materials or giving kitchen cabinets a makeover, both of which are simple renovations that can add value to the home.
