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Real Estate Renovation: Is Buying a Fixer-Upper Worth it?

Written By: Jacquelyn Annete García Vadnais For many investors, it is very difficult to get into the real estate market and obtain the goal of having an investment property. One of the main barriers to entry can be obtaining enough capital to either purchase a home outright or to have a sufficient credit score to be approved for a loan. For this reason, many investors consider purchasing a home that is a fixer-upper in order to save capital on the upfront cost. Even though fixer-upper properties can be substantially lower in price, it is important to weigh the pros and cons of completing a fixer-upper renovation project. In order to learn more about important factors to consider when contemplating investment in a fixer-upper property, please review the information below: The Pros of Investing in a Fixer-Upper Low Cost for Proof of Funds Proof of funds is one of the most challenging barriers to purchasing real estate that prospective investors face. By investing in a fixer-upper, it is