In many areas, there may be a shortage of homes built in the last few years due to the downturn in the economy and the housing market. During that time, new construction virtually came to a standstill. This has resulted in a shortage of homes with the updated features and modern, trendy conveniences many buyers are looking for. In some markets, such as retirement or vacation areas, home buyers just don't want to do the work, either themselves or by contracting it out. Most of them have "been there, done that" when they purchased their first home way back when. In my eyes, sometimes it seems a shame, though, that a buyer won't consider a fixer upper when the return on investment could be quite substantial.
Following are seven steps to take which can help you determine if buying a fixer upper makes financial sense - or not. How to Assess The Real Cost of a Fixer Upper House
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