“Were in east county and to move west, probably University City or P.B. We know homes there are a little out of our reach and we’ll end up with a fixer-upper house. What should we be looking for in a fixer-upper?”
***ANSWER:
You want a home with the right things wrong with it.
The ideal fixer upper home is in need of cosmetics like cleaning, paint, carpet, landscaping, etc. And homes with strong unpleasant odors are often passed over by homebuyers and can be good values.
Be careful about major issues like structural problems, as these can cost you big bucks. If you do buy one, be sure the price reflects the cost to fix, plus a little more because you must disclose any such problems when you sell, even if youve fixed them. And it may impact the price you get down the line.