You’ve been looking for homes and all need repairs, when all of the sudden, you find one that has been rehabbed! You are so excited – it looks move in ready! Hold on just one second – there may be a few things to consider. Often rehabbed homes are being sold by investors who bought the house at a low price, fix it up, and then sell it at a higher price. There are a few downsides to this to consider
You don’t know the contractor that rehabbed the house. Did they do a good job on the repairs or did they just do the bare minimum to make the place “look” new using cheap materials and labor. Was only cosmetic work done or were the major systems repaired as well? The other disadvantage is that you don’t have any control over the repairs. They have already been done for you. If you buy a fixer upper, then you can make sure the work is done properly and to your liking.
There are a lot of great contractors out there that do great rehab construction – so don’t be turned away by a rehab property. Just make sure you do your due diligence and make sure the work was done to the standards that you would expect. Our buyer’s agents will help you through the process and make sure that your interests are being protected.