For many people looking for real estate in Galloway, New Jersey a fixer-upper can be very tempting. These kinds of properties provide the opportunity to get into a house that normally would be out of your price range, which can make them great deals. However, not all fixer-uppers are worth your time. Here are a few things you should know before you buy a home that requires renovations:
- Inspect the Property
One of the first things that you will want to do is to have the property inspected. You can do this yourself or if you are really interested in the house, you could hire a professional. You will want to look for a number of things, especially smaller problems because this could mean there are more serious issues under the surface. Look for leaking faucets, mold, water damage, and more.
- The History
It is a good idea to try to find out the history of the property and why it is being sold at such a good price. This is information you can typically get from your real estate agent, so do not forget to ask. You will be able to find out many things about the property that can either make or break the deal, after all, it could be cheap because something grizzly happened or simply because the original homeowners could not repair the number of issues the property has.
- The Price
Even if you feel like the property is at a good price, it is important to remember that the sticker price is usually not the actual price the homeowner wants. Negotiate and you may get an even better deal on the house you are looking for, which will help you save more money for renovations and repairs to make the fixer-upper the home of your dreams.
Those are just a few things to keep in mind when you are looking for fixer-uppers and houses for sale in New Jersey. If you would like to find out more or if you are interested in learning about our many services, please get in touch with our accommodating team at CAYME Realty for more information.