Buying a fixer-upper home can certainly be profitable. But if you're not careful, it can also lead to a financial misstep. Here are tips to keep you on the right track.
Many first-time buyers are attracted to fixers as a way to buy a home in a choice neighborhood that would otherwise be unaffordable. A successful fixer turnaround requires time, money and expertise. If you're a first-timer who works full time, is short of funds, and has little or no previous contracting experience, you should reconsider this strategy. more...