Fixer-Uppers

A fixer-upper is a real-estate property that will require maintenance work (redecoration, reconstruction or redesign) though it usually can be lived in as it is. 

Fixer-uppers  are popular with buyers who wish to raise the property's potential value to get a return on investment, a practice known as flipping, or as a starter home for buyers on a budget. Home-improvement television shows touting do-it-yourself renovation techniques have made fixer-uppers more popular, but during a real-estate downturn, with newer homes available at depressed prices, there is often reduced interest. Inexperienced buyers frequently underestimate the amount and cost of repairs necessary to make a home livable or saleable. Structural and service issues such as a home's foundation or plumbing, which may not be visible at first, can require expensive, professional contracting work.

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Brian Serpone can be reached in the Harwich office of Today Real Estate at 508-568-8104.