Thinking About Buying a ‘Fixer Upper’? Here’s What You Need to Know

With all of the home renovation and fixer-upper shows on television, the idea of completely renovating and re-doing an old home can seem like an enticing premise. Unfortunately, investing in the wrong fixer-upper can mean an awful lot of expenditure without the added financial rewards. Whether you’re considering investing down the road or are ready to dive in, here are a few things to consider first.

How Much Do You Want To Spend?

It’s easy to be swept away by possibility, but before making an offer you’ll need to sit down and determine exactly what you’re willing to invest into upgrades for your fixer-upper. By deciding what you would want to renovate, what the cost of materials and labor would be and how this figures into the market price of the home, you’ll be able to determine if the price you’re offering will be worth it.

Are Major Repairs Required?

It’s one thing to consider a nice paint job and new tiling in the kitchen, but if there are serious issues with the home, it can create huge financial issues to put money into it. Because foundational issues or water damage throughout the home can be expensive items to repair and will take time and resources, fixing these issues may cost more than the money you’ll make. If you’re uncertain about what you’re getting into, it may be a wise decision to bypass the investment all together.

Are You Willing To Work?

Most home fixer-uppers that people buy can be financially lucrative because the buyer is interested in doing a lot of the work themselves. However, if you’re thinking of hiring people to do the work for you, this can end up costing a lot more money and eating any profits the renovations might have created. It’s also important to realize that renovations can go over budget. Instead of being idealistic about a fixer-upper, ensure you’re certain it’s what you really want so that you’re not stuck with a home you don’t want to invest your efforts into.

The idea of digging in and getting your hands dirty with purchasing a fixer-upper may be endearing, but if you’re not truly prepared for the responsibilities it can be a drain on your time and your finances. If you’re currently considering purchasing a home, investment, fixer-upper or your dream home, give me a call – J.P. Cook – 602-320-4253.

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17552 W Running Deer Trail Surprise, AZ 85387

$514,995

3 Beds

2 Baths

1,690 SqFt

Status Active

MLS # 6700534

Property Type Single Family Residence

Price Type --

Explore this dynamic Bronze home, ready for August move-in on a homesite boasting driveway pavers and front yard landscaping. Included features: an inviting covered entry; an open dining area; a well-appointed kitchen offering quartz countertops, stainless-steel appliances, 42'' cabinets, a walk-in pantry and a center island; a spacious great room; a lavish primary suite showcasing a generous walk-in closet and a private bath with cultured marble countertops; a convenient laundry; a relaxing covered patio; an RV garage and a 2-car garage. This home also offers additional windows, ceiling fan prewiring and stone tile flooring in select rooms.

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10 W Del Rio Drive Tempe, AZ 85282

$514,995

3 Beds

2 Baths

1,674 SqFt

Status Active

MLS # 6726410

Property Type Single Family Residence

Price Type --

Adorable 3 bedroom, 2 bath home located near ASU, the 60 freeway. This meticulously maintained property has had the same owner since 1990. New roof was installed this year in April 2024. A spacious living room welcomes guests upon entry. The large great room with cozy fireplace is a perfect space for relaxing or entertaining. The upgraded kitchen has a built in oven and stovetop . You will enjoy mature desert landscaping in front and the back with a cozy north facing patio or covered gazebo to enjoy the Arizona sunsets.

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4811 W Karl Street San Tan Valley, AZ 85144

$514,990

4 Beds

2.5 Baths

2,343 SqFt

Status Active

MLS # 6751689

Property Type Single Family Residence

Price Type --

INCLUDING washer/dryer, refrigerator and blinds! This plan is a knockout featuring a 2 1/2 tandem garage for extra storage or workshop. This thoughtfully designed home features 4 bedrooms and 2.5 bathrooms, offering a welcoming haven for both residents and guests alike. The sprawling island takes center stage surrounded by white cabinets, quartz counter tops and generous amount of tile throughout, not only serving as a practical workspace but also as a social hub where family and friends can gather in this great room setup. Enjoy the San Tan Mountain views while entertaining in your backyard. Each of our homes is built with innovative, energy-efficient features designed to help you enjoy more savings, better health, real comfort and peace of mind.

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5537 W Paseo Way Laveen, AZ 85339

$514,990

3 Beds

2.5 Baths

2,178 SqFt

Status Active

MLS # 6748021

Property Type Single Family Residence

Price Type --

''Discover the Ruby floor plan, an exquisite single-level home that perfectly combines modern design with functional elegance. Spanning 2,178 square feet, this inviting residence offers a spacious and well-thought-out layout, featuring three generously sized bedrooms and two and a half beautifully appointed bathrooms. The Ruby's design is highlighted by a stunning modern desert exterior that seamlessly integrates with its surroundings. A striking 4-panel sliding glass door in the Great Room creates a seamless transition to the outdoors, ideal for both entertaining guests and enjoying serene moments. The heart of this home is the stylish kitchen, equipped with Stone Gray cabinets and Quartz countertops, complemented by a chic 3x12 tile backsplash. The kitchen also includes a GE stainless steel side-by-side refrigerator, making meal preparation both practical and delightful. Elegant 6x24 wood-look plank ceramic tiles flow throughout the home, adding a touch of warmth and sophistication. In addition to the main living areas, the Ruby features a versatile bonus den space, perfect for an office, playroom, or additional living area. A large walk-in pantry provides ample storage, while the GE electric washer and gas dryer offer modern convenience in the dedicated laundry area. The home's thoughtful design extends to its exterior, with pavers at the driveway enhancing its curb appeal. Satin nickel cabinet hardware adds a refined touch to the home's interior details. Situated on a north/south facing homesite, the Ruby benefits from optimal natural light and energy efficiency. Experience the Ruby floor plan, where contemporary style meets practical living, creating a harmonious environment perfect for modern lifestyles.

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