Buyers every day study the online real estate listings in Windsor Ontario ready to find a fixer upper home. For many, now is a great time to buy as prices are still affordable and interest rates are still attractive. Yet, with all of the choices in Windsor real estate Windsor real estate how do you know if the home you find has great potential? What if the house you are considering is a great buy that just needs some loving care, or a lemon? Buying a home that needs lots of work can be intimidating not to mention expensive if you don’t do the research. Purchasing Windsor real estate that needs an overhaul should never be an impulsive decision. In fact, you should make sure that you get input from qualified real estate agents as well as other home professionals, including home contractors and/or architects if necessary. But the most important step is the first one: narrowing down homes from the many real estate listings in Windsor Ontario. To do this, it is necessary to hire a real estate agent who is a neighbourhood specialist. What exactly does this mean? It means you want to hire a Windsor real estate that knows the neighbourhoods thoroughly. Many homes that are fixer uppers may be in areas that do not necessarily provide the most potential for your property. A good agent will know what home will stand the test of time and what will later give you the most bang for your buck. If you are looking to buy a Windsor real estate fixer upper in the hopes of reselling it in the future, you may want to consider the following: 1. Location: Location always matters. If you are considering buying a home on a busy street that will be something you must deal with when selling in the future. Real estate listings in Windsor Ontario that sit on a busy road often are priced ten percent less from similar style homes in quieter neighbourhoods. Don’t assume that if you improve a home that buyers will ignore the traffic outside. They won’t. 2. Age: If you are considering a very old piece of Windsor real estate, then later you will only appeal to a limited amount of buyers. There are few that like to buy historic homes due to the upkeep and repairs that can occur, such as electrical, plumbing, heating and issues with the foundation. So for a property that appeals to a wider audience, consider a home that no older than 40 or 50 years. 3. Reasonable upgrades: If your idea is to turn a simple home into an extravagant showpiece, you may want to think again. A simple updating, which includes paint, cosmetic improvements, new lighting and that sort of thing is usually a better purchase than a home where expensive repairs are needed. 4. Lots of light: Buyers who are searching for Windsor real estate want a home that is filled with light. If you are considering any real estate listings in Windsor Ontario Real estate listings in Windsor Ontario then make sure it is not dark or dreary in such a way that cannot be improved upon. If you believe it’s easy to add a window to a dark room, make sure you contact a homebuilder or contractor to see if this is possible. Remind yourself that if there isn’t a window where one should be, chances are, there’s a reason. 5. Storage: Never underestimate the power of good storage. This is especially true if you are considering older Windsor real estate, which usually lacks in this area. This amenity is very popular with buyers and why many prefer newer construction. Finally, Windsor real estate that only has one bathroom, needs a roof, has foundation issues not to mention many visible repairs including water stains and rot, really require careful consideration before making an offer. This property, which may look like it has potential, may in fact, be a costly mistake. Always hire an inspector and take the time to walk around the property to get their professional opinion. It will be the best money you ever spent.
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