The Pros and Cons of Buying a Fixer-Upper Home

The Pros and Cons of Buying a Fixer-Upper Home

Buying a fixer-upper has become a trend in recent years for investors and first-time homebuyers who cannot find or perhaps cannot afford turnkey homes. However, for those deciding on buying a fixer-upper, the question often becomes, “Is investing in a fixer-upper more of a hassle than it’s worth?” Here are some pros and cons of buying a fixer-upper and a few ways you can get financial support to cover the repair costs.

Advantages of a Fixer-Upper

Disadvantages of a Fixer-Upper

Fixer-Upper Loan Options

A fixer-upper can indeed become costly. Depending on the type of renovations you intend to make — either by yourself or through a third-party contractor — you may not only see your free time being eaten up, but your money as well. Fortunately, there are several loan options to help you finance your purchase of a fixer-upper. Here are some loan programs that are designed to help out those in your exact situation.

Get Fixed up With a Loan at Butler Mortgage

Whether you’re buying a new home or a fixer-upper, Butler Mortgage can provide you with a loan that works for your budget or see if you qualify for a renovation loan to help you cover the costs of your repairs. Call us today at 407-931-3800 or fill out our free consultation form online and let us find the best loan solution for you.

Request a FREE consultation

* Required

An elderly couple sitting in rocking chairs on a porch
Financial Security from a
Reverse Mortgage
A house
USDA Loans
100% Financing to Qualified Buyers
A child hugging a man in the military
VA Loan
Buy with zero down. 30-year fixed rates