What to Watch Out for When Buying a Fixer-Upper

by Renee Marie Jordan 07/11/2021

Photo by Michael Jarmoluk via Pixabay

When you’re shopping for a new home, the prospect of a fixer-upper being on the market for an unbeatable price sounds great! There are a few things that should be on your checklist to make sure that the juice is worth the squeeze when purchasing a home. A fixer-upper that needs mainly aesthetic repair is usually a good deal. Just make sure you ask your real estate agent or the property owner about some costly, but necessary, repairs.

Foundation

First off, any home that is worth its weight in gold needs to have a good foundation. Foundation issues can be quite expensive, depending on the type of repair needed. For example, all houses will settle over time. It’s only natural. But if your prospective home has settled too much it can lead to slab leaks, cracks and serious structural issues; which may lead to expensive repairs. 

Water

Plumbing issues can range from a minor leak in the faucet to a cracked supply or drain line, which can either be a slight nuisance or a major flooding issue (and flood damage is not a cheap fix on its own). Along with the immediate cost of the plumbing repairs themselves, plumbing problems can cause higher monthly water bills.

Electrical

Electrical issues can not only be costly to repair but very unsafe. If you are shopping for a home, make sure to check with the homeowner or agent about the quality of wiring, electrical sockets, etc. to avoid both the costly repairs.

Remember, when shopping for that great fixer-upper in your new neighborhood make sure to check these three big boxes before choosing your soon-to-be dream home.

About the Author
Author

Renee Marie Jordan

Renee Marie Jordan is a Third Generation Realtor®, who started out her career in residential lending. Jordan Real Estate was established by her grandmother, Jean Kotwitz, who was one of the first female real estate brokers in Solano County! The company was then passed down to her mother, Diane Jordan, over 40 years ago. Renee Marie then took over the company 24 years ago and in 2015 joined forces with RE/MAX Gold.   

Regarded as one of Northern California’s most dependable brokers, Renee Marie has gained industry respect for creating a successful brokerage company. Renee Marie’s unique blend of negotiating expertise, innovative thinking and belief that the client always comes first, has resulted in an extensive client base with many satisfied homeowners. Renee Marie specializes in residential sales, first time buyers, short sale properties, luxury properties, investment properties, foreclosures, 1031 exchanges, and has been the HUD specialist for Solano County since 2009.   

Renee Marie gets to the heart of her clients wants and needs. She attributes a great deal of her success to the many referrals she receives from clients who appreciate the care and thoughtfulness she puts into every transaction. Friends and family members can count on the same excellent service when they are referred to Renee Marie.