Buying a fixer-upper: Are you ready for the challenge?

8127593559_6b4d1c8d6e_zWhether you are buying it for your primary residence, a vacation home, investment property or to “flip it,” buying a fixer-upper can be a challenge. Many buyers think they will just do the repairs and upgrades themselves to save money.  However, unless you are a contractor or you have construction experience, your fixer-upper may turn into a real money pit as you find projects that need to be done but are above your level of expertise.

For other things to consider before buying a fixer-upper read, “Can you Afford to Buy a Fixer-Upper Home?”

Image credit:  geraldbrazell