You’ve decided to put down roots and purchase a property to call “home.” After factoring in finances, time constraints, and personal preferences, now you’re faced with another big question: should you buy a fixer-upper or a fully renovated home? There are a lot of elements at play when deciding which way to swing, so read on and see what makes sense for you.
Renovated: When you walk into a fully renovated home, most of the design choices have already been made for you. There are newly installed oak shaker cabinets when you prefer a white high-gloss finish, and grey laminate floors when you like tile. But if those aren’t deal breakers, there’s a lot to be said for the convenience and clean-slate state of a move-in-ready home.
Renovated: A fully renovated home outside of the most coveted neighbourhoods or those currently under development is also a smart investment option. If you’re willing to sacrifice your usual stomping grounds for a finished basement and a yard, that move could pay off.
Renovated: Sure, a fully renovated home is going to cost more than the one down the street with a leaky roof and sinking foundations, but you don’t have to organize a crew of roofers or call in the basement specialists. That’s certainly worth something.
Renovated: Does moving right into your new home, unpacking your boxes and sleeping on your bed that first night sound good to you? If so, the higher price tag of renovated home may be worth the convenience, versus living with the mess of months of renovations.
Renovated: Once you’ve purchased a fully renovated home, your upgrading costs should be minimal for many years to come. The initial price tag may dwarf that of a fixer-upper, but what you invest now will pay off in worry-free home ownership.
Now that you’ve seen the pros and cons of buying a fixer-upper versus a fully renovated home, which way will you go?
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Courtesy of hgtv.ca