Buying a property that may require expensive repairs or upgrades can be a daunting decision. You've found your dream home, situated in a desirable neighborhood and ticking off all the boxes on your must-have list. However, there are significant maintenance issues that will demand attention in the near future, like replacing roof shingles or updating wiring. The question is, should you walk away from this opportunity?
Not necessarily. While the allure of a move-in ready home is undeniable, there are distinct advantages to purchasing a property that needs some TLC. Depending on market conditions, such a property may be priced lower than comparable ones. The money saved can then be allocated towards the necessary repairs and upgrades. Additionally,...