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Should You Buy a Home that Needs Work?

Should You Buy a Home that Needs Work?

Imagine you find a home on the market that checks all the boxes. There’s only one issue. It needs work. Perhaps the paint has faded, or the kitchen is old, or there are repairs needed.

Should you make an offer on that home? That depends on many factors, of course.

The first thing you should consider is whether or not the home is otherwise ideal. If it has everything you want — location, size, style, number of bedrooms, etc. — then you may only be a few improvements away from a real gem.

You should also consider how much those improvements are likely to cost. Cosmetic projects — such as painting, replacing light fixtures, etc. — tend to be more affordable. In many cases, those projects are also DIY-friendly. However, major improvements, such as upgrading the kitchen with new countertops, sink, and cabinetry, can be expensive.

Fortunately, homes that need work don’t show as well as pristine listings. So, the cost of doing the improvements you need might be offset by getting the home at a lower price.

The bottom line is, buying a home that needs work is definitely worth considering.

Work With Us

Whether you’re selling, buying or both, you can count on Southern Vermont Realty Group as the local experts in the market and the Real Estate Agents who always put our clients first. We are ready to talk whenever you are. Please complete the form below and let us know when your preferred day and time to connect and we will reach out when it works best for you. We are available 7 days a week.

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