Many people are taking advantage of the rising costs of real estate by purchasing a second home, or a vacation home as an investment. A second mortgage can get expensive, but it doesn’t have to be. Consider looking at a fixer upper house to satisfy your investment and vacation home needs! A fixer upper, as many real estate experts refer to it as, is an established home that has lots of potential, but could use a little work. By purchasing a home in less than perfect condition you will be able to save yourself a lot of money. You must be willing to put in the time and effort to make your new home look fantastic, but in the end it will be exactly as you dreamt! Most fixer uppers really are not in that bad of shape, they just need a little remodeling and can save you a ton of money. There are thousands of homes available waiting to be restored to beauty. All you need to know is where to look. Listed below are the three most common ways that you can find a fixer upper in your area. 1. The best way to find your next vacation home is by searching online. There are two ways to do this: you can either search a site that offers listings from a variety of different real estate agencies, or you can visit the site of each independent agency. Either way, you will be able to find a lot of details on any lower priced homes that may catch your eye. By searching for a fixer upper online, you will ensure yourself of coming across the largest number of properties available in your area, and save yourself some time too! 2. Finding a home to restore can also be done by searching the classified ads. The best thing about searching for a fixer upper this way is that you will be able to search by location and price without ever having to leave home. This way you are able to browse through prospective homes more quickly. 3. The traditional way to find a great fixer upper is just hopping in your car and driving around the neighborhoods that attract you. Since this is a vacation home, you likely don’t know the area too well. This can be a great way to get to know the community that you are looking to buy in. It is important to use a realtor once you find a home you are interested in. They will be able to instruct you on how to look for major issues with a home, the right inspections to have before buying, and a realtor likely has a list of contractors that can help with your fixer upper. Overall, finding a cheaper vacation home can be done in a number of different ways. Instead of overlooking a house that needs a little work, why not give it a try? This method can make your second or even third home more affordable and a dream come true! Sara Green is the real estate marketing director for Placerville real estate where you can find local school information, full access to the Sacramento California area MLS listings, and helpful information to have a successful real estate experience.
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