Advantages of Buying a House that Needs Work
Posted by Billy Peshke on
There’s no doubt about it. Buying a home that is “move in ready” is a real convenience. All you need to do is get your belongings in place, and you’re ready to enjoy living in your new home. You don’t even need to paint. That’s why move-in-ready homes tend to attract more buyers. However, there are advantages to buying a property that needs work. And, if you’re currently shopping for a new home, a listing that requires some repairs, upgrades, or renovations might be worth considering. Why? Properties that need work tend to be priced lower than comparable movein-ready listings. Depending on market demand, the price savings can range from modest (just a few thousand dollars) to substantial. Also, homes that need work tend to attract fewer buyers…
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