Fixer Upper House Sale Listings
$2,500 | Active Home listing
2 Beds | 3 Baths | 1,239 Sqft | 1 Acres Lot
121 Bayfront Dr, Boynton Beach, FL 33435
$145,000 | Active Home listing
3 Beds | 2 Baths | 1,393 Sqft | 0 Acres Lot
100 Maready Lane, Hubert, NC 28539 Onslow County
$579,900 | Active Home listing
3 Beds | 3 Baths | 2,000 Sqft | 1 Acres Lot
17 Salem, Wilmington, MA 01887 Middlesex County
$159,900 | Active Home listing
4 Beds | 2 Baths | 1,500 Sqft | 0 Acres Lot
1713 Melody Drive, Columbus, GA 31907 Muscogee County
$350,000 | Active Home listing
3 Beds | 3 Baths | 1,540 Sqft | 0 Acres Lot
8449 IVY GLEN COURT, MANASSAS, VA 20110 MANASSAS CITY County
$650,000 | Active Home listing
4 Beds | 3 Baths | 2,918 Sqft | 1 Acres Lot
121 Grainger Point Road, Wilmington, NC 28409 New Hanover County
$650,000 | Active Home listing
3 Beds | 2 Baths | 1,434 Sqft | 0 Acres Lot
617 ELLIOTT STREET NE, WASHINGTON, DC 20002 WASHINGTON County
$384,900 | Active Home listing
3 Beds | 3 Baths | 1,520 Sqft | 0 Acres Lot
3711 LAMBSON ROAD, MIDDLE RIVER, MD 21220 BALTIMORE County
$295,000 | Active Home listing
4 Beds | 3 Baths | 2,832 Sqft | 0 Acres Lot
21338 LYNN DRIVE, LEXINGTON PARK, MD 20653 SAINT MARYS County
$249,900 | Active Home listing
3 Beds | 2 Baths | 2,177 Sqft | 0 Acres Lot
4011 BUCKINGHAM ROAD, PIKESVILLE, MD 21207 BALTIMORE County
$129,500 | Active Home listing
3 Beds | 2 Baths | 1,596 Sqft | 0 Acres Lot
208 Tiel Ave, North Fort Myers, FL 33903
$275,000 | Active Home listing
2 Beds | 2 Baths | 1,350 Sqft | 0 Acres Lot
147 Birdseye Street, Bridgeport, CT 06604 Fairfield County
$180,000 | Active Home listing
4 Beds | 2 Baths | 1,428 Sqft | 1 Acres Lot
1550 S 950 W, Andrews, IN 46702 Huntington County
$299,900 | Active Home listing
6 Beds | 5 Baths | 3,200 Sqft | 5 Acres Lot
7357 S Dent Rd, Hixson, TN 37343 Hamilton County
$299,000 | Active Home listing
4 Beds | 3 Baths | 1,700 Sqft | 0 Acres Lot
6453 S Talman Avenue, Chicago, IL 60629 Cook County
$190,000 | Active Home listing
3 Beds | 2 Baths | 2,040 Sqft | 1 Acres Lot
152 Pinebrook, Zwolle, LA 71486
$349,900 | Active Home listing
3 Beds | 2 Baths | 1,744 Sqft | 0 Acres Lot
27 Sheridan Drive, Savannah, GA 31406 Chatham County
$339,900 | Active Home listing
3 Beds | 3 Baths | 2,001 Sqft | 0 Acres Lot
5926 NORTH FORK COURT, LAKELAND, FL 33809 Polk County
$90,000 | Active Home listing
3 Beds | 2 Baths | 1,333 Sqft | 0 Acres Lot
2089 Silverado Ct, Pensacola, FL 32506 Escambia County
$59,900 | Active Home listing
3 Beds | 2 Baths | 1,500 Sqft | 6 Acres Lot
11292 County Route 5, Chaumont, NY 13622 Jefferson County
$305,000 | Active Home listing
3 Beds | 2 Baths | 1,983 Sqft | 0 Acres Lot
2121 SW 11th CT, CAPE CORAL, FL 33991 Lee County
$359,990 | Active Home listing
5 Beds | 2 Baths | 1,972 Sqft | 0 Acres Lot
216 HOMEWOOD TERRACE, BALTIMORE, MD 21218 BALTIMORE CITY County
$525,000 | Active Home listing
3 Beds | 2 Baths | 1,110 Sqft | 0 Acres Lot
13527 Avalon Blvd, Los Angeles, CA 90061 Los Angeles County
$880,000 | Active Home listing
4 Beds | 1 Baths | 1,234 Sqft | 0 Acres Lot
4626 Derrick Dr, San Diego, CA 92117 San Diego County
$234,000 | Active Home listing
2 Beds | 1 Baths | 988 Sqft | 0 Acres Lot
13305 NEPTUNE DRIVE, HUDSON, FL 34667 Pasco County
$475,000 | Active Home listing
2 Beds | 1 Baths | 1,036 Sqft | 0 Acres Lot
3354 Louise Street, Lynwood, CA 90262 Los Angeles County
$749,900 | Active Home listing
3 Beds | 3 Baths | 2,930 Sqft | 0 Acres Lot
1257 Harbour Gate South SW, Calabash, NC 28467 Brunswick County
$700,000 | Active Home listing
4 Beds | 3 Baths | 1,767 Sqft | 0 Acres Lot
2315 N 42ND Street, Phoenix, AZ 85008 Maricopa County
$189,000 | Active Home listing
2 Beds | 2 Baths | 1,078 Sqft | 0 Acres Lot
7914 VALMY LANE, PORT RICHEY, FL 34668 Pasco County
$249,000 | Active Home listing
3 Beds | 2 Baths | 1,455 Sqft | 0 Acres Lot
14480 SW 38TH TERRACE ROAD, OCALA, FL 34473 Marion County
$1,499,000 | Active Home listing
3 Beds | 2 Baths | 1,820 Sqft | 0 Acres Lot
4900 Valjean Avenue, Encino, CA 91436 Los Angeles County
$299,900 | Active Home listing
1 Beds | 1 Baths | 520 Sqft | 0 Acres Lot
1338 Turquoise Avenue, Mentone, CA 92359 San Bernardino County
$389,000 | Active Home listing
2 Beds | 1 Baths | 963 Sqft | 0 Acres Lot
141 16th Street, Richmond, CA 94801 Contra Costa County
$428,800 | Active Home listing
2 Beds | 2 Baths | 1,532 Sqft | 0 Acres Lot
8085 Carnoustie Avenue, Hemet, CA 92545 Riverside County
$254,900 | Active Home listing
3 Beds | 1 Baths | 1,639 Sqft | 0 Acres Lot
1185 S Ridgeland Avenue, Oak Park, IL 60304 Cook County
$105,900 | Active Home listing
3 Beds | 1 Baths | 1,194 Sqft | 0 Acres Lot
2208 Jane Street, Waco, TX 76711 McLennan County
$165,000 | Active Home listing
2 Beds | 2 Baths | 1,142 Sqft | 0 Acres Lot
1325 Prospect Village Lane, Ballwin, MO 63021 St Louis County
$60,000 | Active Home listing
2 Beds | 1 Baths | 980 Sqft | 0 Acres Lot
10308b East Business 60, Mountain Grove, MO 65711 Texas County
$215,000 | Active Home listing
3 Beds | 3 Baths | 1,326 Sqft | 0 Acres Lot
3017 E NORTHERN PARKWAY, BALTIMORE, MD 21214 BALTIMORE CITY County
- Fixer-Upper Homes For Sale: Fixer Upper Real Estate
- Fixer Upper House Sale Listings
- What Is A Fixer-Upper Home?
- Benefits Of A Fixer-Upper Houses
- Drawbacks Of A Fixer Upper Homes
- Investment Potential
- Finding Fixer Upper Homes
- Choosing the Right Property
- Steps To Buy A Fixer-Upper Property
- Fixer Upper For Airbnb Vacation Rental
- Fixer Upper For Long Term Rental
- Affording a Fixer-Upper
What Is A Fixer-Upper Home?
A fixer-upper house is a property characterized by its need for renovations and repairs, typically sold at a lower price to account for these necessary investments. When considering purchasing a fixer-upper, it is important to understand the renovation process involved. This includes conducting a thorough inspection to identify all areas that require repairs or upgrades, as well as estimating the cost of these renovations. It is crucial to have a clear understanding of the scope of work and associated costs before making a purchase decision.
Benefits Of A Fixer-Upper Houses
Buying a house in need of renovations offers the advantage of creating a unique and personalized living space. With a fixer-upper, you can customize every aspect of your home to reflect your taste and style. This level of creativity allows you to design a space that meets your needs and preferences. In addition to customization, purchasing a fixer-upper can result in significant cost savings compared to turnkey homes. Fixer-uppers generally have lower prices and down payment requirements, making them more affordable. By investing in renovations, you can increase the property’s value over time, building equity in your home. Overall, the benefits of buying a fixer-upper include customization, cost savings, increased house value, and a sense of accomplishment as you transform the house into your dream home.
Drawbacks Of A Fixer Upper Homes
Renovation projects come with financial risks and uncertainties, including unexpected expenses and delays. Buying a fixer-upper home can lead to hidden costs due to unforeseen issues like structural problems or hazardous materials. These expenses can strain the budget and cause financial difficulties. Renovations also require a significant time commitment, lasting months or years, and can disrupt daily life. Finding reliable contractors and dealing with permits and inspections adds to the complexity. Project delays are possible, prolonging the investment and causing frustration.
Investment Potential
Assessing the investment potential of a fixer-upper property involves considering several factors. The location and growth potential of the house impact its return on investment. Analyzing market trends helps predict appreciation. Tax benefits may exist, so consulting a professional is advised. Evaluating factors like location, market trends, renovation costs, financing, and tax benefits helps determine profitability. Thorough due diligence minimizes risks and maximizes returns in fixer-upper investments.
Finding Fixer Upper Homes
Driving Neighborhoods
Driving through neighborhoods is an essential step in the process of buying a fixer-upper home.It allows investors to visually assess the condition of properties based on observable signs of neglect or disrepair. By driving through different neighborhoods, investors can gather valuable information about the area, such as local attractions, public transportation options, school districts, crime rates, nearby amenities, community events, shopping centers, restaurants, parks, and recreational areas. This knowledge is crucial in determining the desirability and potential resale value of a fixer-upper home.
Search The MLS
Searching the MLS provides a comprehensive database that grants access to potential properties in need of repairs and allows investors to visually assess the condition of homes through detailed listings and photographs. The MLS, or Multiple Listing Services, is a centralized platform that is accessible only to real estate professionals, such as licensed agents and listing broker. It serves as a hub for real estate listings, including fixer upper homes that might not be easily found through other channels. By utilizing the MLS, investors can employ various search techniques to filter and narrow down their options based on specific criteria, such as location, price range, and house condition. This enables them to identify potential fixer upper properties that align with their investment goals.
Real Estate Investor Websites
Real estate investor websites serve as a valuable resource for accessing public real estate listings, including off-market properties such as foreclosures, short sales, bank owned properties, and auction properties. These websites offer a range of features and tools that can assist real estate investors in their search for fixer-upper homes. Here are some ways that real estate investor websites can help:
- Real estate investor strategies: Many investor websites provide educational resources and articles on various real estate investing strategies. These can include tips on finding and analyzing potential fixer-upper properties, as well as guidance on financing options and maximizing rental income.
- Analyzing market trends: Investor websites often provide data and analysis on local real estate markets. This information can help investors identify areas where fixer-upper homes are in high demand and where prices are likely to appreciate in the future.
- Renovation financing options: Investor websites may also offer information on renovation financing options, such as rehab loans or hard money loans. These resources can help investors understand their financing options and determine the best approach for funding their fixer-upper projects.
Mailing Offers By Searching Tax Records
Mailing offers by searching tax records is a strategic and effective method of generating leads for fixer-upper homes. By delving into the vast database of tax records, one can uncover a hidden realm of opportunities to acquire properties in dire financial straits, presenting a unique chance to intervene before these assets succumb to potential foreclosure. Searching records through the local government’s website, such as the assessor’s office, allows individuals to access public tax information and identify homeowners who may be struggling to pay their taxes. This is often an indication of financial trouble and potential neglect of the property. Armed with this knowledge, investors can take advantage of the opportunity to make targeted offers directly to homeowners before their properties fall into the hands of mortgage lenders.
Real Estate Agent Assistance
Real estate agents possess a deep understanding of the market and have access to a wide network of clients, lenders, and wholesalers. This allows them to identify potential fixer-upper homes for sale, some of which may not even be listed on the market yet. By leveraging their connections and market knowledge, agents can compile a shortlist of properties that align with the buyer’s criteria. Additionally, agents have access to the Multiple Listing Service (MLS), a comprehensive database that provides detailed information about properties for sale. This valuable resource enables agents to gather crucial data and compare various fixer-upper homes, assisting buyers in making informed decisions.
Choosing the Right Property
To select the most suitable fixer-upper property for investment purposes, it is crucial to carefully evaluate the property’s potential for profitable renovations and consider its purchase price in relation to comparable homes in the area. Location considerations play a significant role in determining the property’s future appreciation and resale value. Investing in a fixer-upper located in a desirable neighborhood or an up-and-coming area can greatly increase the chances of a profitable investment. Additionally, budget planning is essential to ensure that the purchase price and renovation costs align with the expected return on investment (ROI). By analyzing your budget and determining the ideal purchase price, you can accurately assess how much you can allocate towards renovations and still achieve your desired ROI.
Steps To Buy A Fixer-Upper Property
Home Inspection
Common inspection issues in fixer-upper homes include plumbing and electrical problems, structural issues, and roof condition. A thorough inspection helps buyers assess these issues and determine if they’re willing to undertake the necessary repairs. Hiring a reputable home inspector is crucial for a comprehensive and accurate inspection. Inspectors can identify potential problems not easily noticeable to untrained individuals. Understanding inspection reports is important, as they provide a detailed breakdown of issues found. Buyers should review reports carefully, seeking clarification from the inspector if needed, to fully understand the required repairs.
Estimate Your Renovation Costs
Estimating renovation costs is crucial for assessing the financial feasibility of purchasing a property needing repairs. Budget planning is vital to understand expenses, including necessary repairs and cosmetic updates. Obtain quotes from local contractors for accurate estimates. Contractor selection is important, considering experience, reputation, and pricing. Decide whether to tackle renovations as a DIY project or hire professionals, considering time, skill, and effort required for DIY versus construction expertise and efficiency of professional contractors.
Obtain Any Required Permits
Obtaining necessary permits from your city government office is crucial for a smooth renovation project, compliance with regulations and home insurance requirements. The process involves filling out an application, submitting plans, and paying a fee. Familiarize yourself with local permit requirements, such as proof of ownership and meeting building codes. Hiring an experienced contractor can help navigate the permit process, understand fees, and ensure correct and timely documentation submission, avoiding delays or complications.
Determine DIY Projects
Identifying and assessing feasible do-it-yourself tasks is a prudent approach for cost-conscious individuals engaged in property rehabilitation. DIY skills play a crucial role in determining which projects can be undertaken without the need to hire professionals, thereby saving a significant amount of money. By evaluating one’s own capabilities and expertise, individuals can prioritize projects that they are confident in completing themselves. This requires careful budget planning and estimating material costs to ensure that the necessary resources are available. Additionally, finding reliable contractors for more complex tasks that may require professional expertise is essential to ensure the success of the overall renovation project.
Secure A Loan
Determine Market Value With Comparable Homes
To determine the market value of a fixer-upper home, it is important to understand the various pricing strategies used in the appraisal process. Appraisers rely on different methods, such as the sales comparison approach, income approach, and cost approach, to estimate the value of a real property. The sales comparison approach is commonly used for residential properties and involves comparing the subject house with recently sold properties that are similar in terms of location, size, condition, and amenities. By analyzing the sale prices of comparable homes, one can gain insights into how the market perceives the value of similar properties.
Submit An Offer
When making an offer to buy a fixer-upper home, it’s important to present a well-justified offer to ensure a fair sale price. Negotiating the price involves careful consideration of factors and conducting thorough due diligence. Reviewing home inspection results and cost estimations helps justify the proposed price. Seller concessions, such as repairs or credits towards closing costs, can increase the chances of a lower offer being accepted. Including contingency clauses in the offer protects the buyer in case of unexpected issues. Earnest money demonstrates seriousness and is held in escrow as compensation if the buyer fails to comply with the agreement.
Fixer Upper For Airbnb Vacation Rental
To maximize the potential for a profitable Airbnb vacation rental, it is essential to consider purchasing a fixer-upper home that can be transformed into a desirable and comfortable accommodation for guests. However, renovating a fixer-upper for an Airbnb rental comes with its own set of challenges. The first challenge is to determine the renovation needs of the house. It is important to assess the condition of the property and identify the necessary repairs and upgrades. This can include fixing structural issues, updating plumbing and electrical systems, and ensuring the property meets safety standards. Additionally, it is crucial to consider the furnishing options for the rental. Choosing furniture and decor that is attractive, functional, and durable is important to create a comfortable and inviting space for guests.
Fixer Upper For Long Term Rental
Renovating a property with potential for long-term rental can be a strategic investment, providing the opportunity to transform a house into a desirable and profitable accommodation option for tenants. One of the key aspects to consider when purchasing a fixer-upper for long-term rental is the potential rental income. It is essential to research the local rental market to determine the average rental rates for similar properties in the area. This will help in estimating the potential revenue and ensuring that the investment is financially viable.
Affording a Fixer-Upper
Home Equity Loan Or HELOC
Utilizing either a home equity loan or a home equity line of credit (HELOC) can be a prudent financial decision when considering the purchase of a fixer-upper property, as it allows homeowners to tap into their accumulated equity to fund necessary renovations. A home equity loan is a fixed-rate loan for a set amount, providing borrowers with a lump sum of money upfront.
Cash-Out Refinance
A cash-out refinance allows homeowners to access additional funds by refinancing their primary mortgage and borrowing against their home equity. This type of refinance can be an attractive option for those looking to buy a fixer-upper home, as it provides the opportunity to obtain the necessary funds for renovations or repairs. However, it is important to consider the various factors involved in a cash-out refinance before making a decision.
Credit Cards
Credit cards can serve as a potential financing option for individuals seeking to undertake renovation projects. One advantage of using credit cards is the possibility of taking advantage of 0% or low introductory offers. This can be especially beneficial for those who have a limited budget and want to avoid high-interest rates associated with other forms of financing. Additionally, credit cards can provide convenience and flexibility for DIY projects or for hiring unlicensed labor.
Personal Loans
Obtaining an unsecured personal loan can be a viable option for financing home renovations, especially without home equity. However, it’s essential to consider factors such as eligibility requirements, interest rates, repayment terms, credit score impact, application process, approval timeline, fees, disbursement process, and repayment options to make an informed decision.
VA Home Renovation Loan
The VA home renovation loan offers a solution for individuals who are looking to finance necessary repairs and improvements on their properties, ensuring that they meet VA standards and are habitable. This loan option provides borrowers with the opportunity to buy a fixer-upper home and finance the cost of renovations into the loan.
USDA Renovation Loan
The USDA renovation loan provides an opportunity for low-to-average income individuals to acquire a house in rural areas of the United States and finance necessary repairs and improvements into the loan. To be eligible for the USDA renovation loan, applicants must meet certain requirements. These include having a low-to-average income, as determined by the USDA income limits for the specific area. Additionally, the property being purchased must be located in a designated rural area as defined by the USDA.
Fannie Mae Homestyle Renovation Mortgage
An appealing aspect of the Fannie Mae Homestyle Renovation Mortgage is its flexibility in allowing borrowers to undertake various renovation projects, including the addition of luxurious features, thereby transforming a property into a personalized and enhanced living space. With this renovation financing option, homeowners have the opportunity to explore a wide range of home improvement and remodeling options.
Freddie Mac CHOICERenovation Loan
With the Freddie Mac CHOICERenovation Loan, homeowners have the opportunity to finance disaster-proofing and other home resilience improvements, making it a valuable option for those seeking to enhance the durability and safety of their property. This loan program, offered by Freddie Mac, provides an alternative to the Fannie Mae HomeStyle loan, with the added advantage of allowing borrowers to include funding for measures aimed at protecting their homes from potential natural disasters.
FHA 203k Rehabilitation Mortgage
The (Federal Housing Administration) FHA 203k Rehabilitation Mortgage allows homebuyers to finance the cost of repairs and renovations to an existing property, transforming it into a more functional and visually appealing living space. This specialized loan program is designed to assist buyers in purchasing fixer-upper homes and covers the cost of repairs in addition to the property price.
Grant and Loan Programs
When it comes to funding the purchase and renovation of a fixer-upper home, grant programs and loan options can be valuable resources. These programs are typically offered at various levels – state, county, or even more localized – and can be accessed through government agencies or nonprofit foundations. Grant programs, in particular, provide funds that do not require repayment, making them an attractive option for eligible individuals or organizations.
The information featured on our website is supplied by third party resources. In some cases the owner directly will supply the data and in other cases third party real estate listing services or MLS. While we do everything in our power to ensure the information is as accurate as possible but we can in no capacity, guarantee the information sourced here is 100% accurate. All users should do their own due diligence and further research before engaging in a property purchase based on the data and information provided here. The information here is deemed reliable but not guaranteed to be accurate. To protect consumers, we ask you please verify all aspects with a broker, Realtor or real estate agent including listing price/list price, address, bedrooms/bed, bathrooms/bath, sq ft, lot size, property type and community restrictions. In many cases the information may not be verified further than the source that provided it to us via the internet data exchange. This includes all data and information shown about the properties, locations, regulations and any other details found here. Airdeed Homes does not own, manage and is not in any way associated with in a real estate transaction capacity any of the properties shown here for sale. Images are subject to copyright from owner and photographer. We do not own any of the images provided here. We therefore accept no liability arising from any reliance made by any reader or person to whom this information is made available to. You must perform your own research and seek independent professional advice before making any decision to purchase or invest in a property on the multiple listing service (MLS).