Fixer-Uppers vs. Pre-Construction - Which Is Better?

Fixer-upper or pre-construction? That may be one of the biggest questions a house hunter has on their mind. Each house hunter has their own unique lifestyle and budget and therefore there is no simple or straightforward answer. However, we're hoping this blog will help guide you to figure out what is the right path for you.

Location

Highly sought-after neighbourhoods will inevitably have high house prices. If you cannot afford a move-in ready home in your neighbourhood, consider a fixer-upper that will likely be closer to your budget. If you are fixed on your current neighbourhood and cannot afford to move out of it, know that you can always renovate your home to your heart's desire. Whether you don't want to change your neighbourhood, or get into a dream one - a fixer upper may be the right decision for you.

 

Long-Term Plans

Do you belong to a large family? If you have a beautiful but small two-bedroom heritage home and you hope to host a lot of guests and family, it can be quite the hassle to add multiple rooms or extensions to an older home. This is an instance where finding a pre-construction home with more rooms that suits your needs would be ideal. Alternatively, finding the perfect home that meets your needs but needs some TLC should not be ruled out. You can renovate that home in stages if it's in an ideal location.

 

Budget

One of the main things that crops up in every conversation is budget. Once a budget is determined it is easier to see whether you can splurge and get the custom, pre-construction home of your dreams or whether you will need patience and a creative mind to see your home be renovated into your dream home. It is important to stay realistic with your budget - your dream home may not be within your budget and that is okay! Some dreams are achieved at last, rather than at once.

 

Settling In vs. Settling

Many people opt for pre-construction because they think it's the closest to a custom home that they can get. However, it can be easy to forget that the base price of the home, and the price of the home with all the upgrades you want are not the same. What's more, there may be delays in the construction of your home which might result in a delayed move-in time. This is not to say that pre-construction homes cannot be dream homes - just make sure that if you are going for pre-construction, you are not settling for rushed work just so you can move in on a certain date.

As you can see, whether you choose pre-construction or a fixer-upper - either can be the perfect choice. Consider your budget, what location you want to be in, and how bespoke you want your home to be and you will find your next dream home.

 

Get your FREE list of Fixer-Upper or Pre-construction homes in any price. Visit: www.ViewAreaHomesForSale.com

 Your Home Sold Guaranteed or I'll Buy It!* No Gimmicks! For a Free Special Report that Details my Guaranteed Sale Program, visit: www.BriansGuaranteedSaleProgram.com.

Remember, your referrals change lives! We donate a portion of our income on every home sale to a great worthy cause like SickKids Hospital. To find out more visit: www.ReferForSickKids.com.

If you or anyone you know is considering making a move in the next little while, give me a call or pass on my number ... 905-683-7800 (Office) or 905-426-7484 (Direct).

Thanks for reading my BLOG today!

 
Your Home Sold Guaranteed or I’ll Buy It*