Wikipedia defines a fixer-upper as a “real estate property that will require maintenance or work, though it can be usually lived in as is.” If you’re in love with old homes, the idea can be irresistible. Advantages: Purchase a home in a good neighborhood at a lower price Increase the net worth of your investment Here are our suggestions: 1. Do the math first. Add up the expected expenses of renovation, accurately reflecting the cost of materials and labor. Then subtract the expected value. Experts from the … [Read more...]