Why do people buy fixer-uppers? They're looking for a real estate investment: Buy a home that needs work, throw some time and money into it, and sell it to make a profit. Fixer uppers are a way to buy a home in a preferred neighborhood that may otherwise out of reach financially. Fixer uppers also allow buyers to create their own design. Most new homes are designed for the greatest common person. Fixing up an existing home allows you to personalize your own living space. But you have to be careful: A fixer uppers can easily turn into a money pit, which is a nightmare for those homeowners who live on a week to week budget. And, fixer-uppers not only drain cash, but can take time away from something else that you can be doing, like spending time with the family. The truth is, shaping up ...
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