What to Ask About When Buying a Fixer-Upper

by Gerry McKeon 01/19/2020

Photo by Michael Jarmoluk via Pixabay

When you’re shopping for a new home, the prospect of a fixer-upper being on the market for an unbeatable price sounds great! There are a few things that should be on your checklist to make sure that the juice is worth the squeeze when purchasing a home. A fixer-upper that needs mainly aesthetic repair is usually a good deal. Just make sure you ask your real estate agent or the property owner about some costly, but necessary, repairs.


First off, any home that is worth its weight in gold needs to have a good foundation. Foundation issues can be quite expensive, depending on the type of repair needed. For example, all houses will settle over time. It’s only natural. But if your prospective home has settled too much it can lead to slab leaks, cracks and serious structural issues; which may lead to expensive repairs. 


Plumbing issues can range from a minor leak in the faucet to a cracked supply or drain line, which can either be a slight nuisance or a major flooding issue (and flood damage is not a cheap fix on its own). Along with the immediate cost of the plumbing repairs themselves, plumbing problems can cause higher monthly water bills.


Electrical issues can not only be costly to repair but very unsafe. If you are shopping for a home, make sure to check with the homeowner or agent about the quality of wiring, electrical sockets, etc. to avoid both the costly repairs.

Remember, when shopping for that great fixer-upper in your new neighborhood make sure to check these three big boxes before choosing your soon-to-be dream home.

About the Author

Gerry McKeon

 TEAMWORK makes the ....DREAM WORK

  • GRI - Graduate Realtors Institute.
  • E-Pro - Internet Professional
  • Realtor of the Year.
  • 25+  years experience.
  • Past President of  the Realtor Association of Southwestern Illinois
  • Awarded Life Membership to Local Association in 2007
  • Life Long Metro East Resident
  • Corporate and Military Specialist
  • SFR Certification-Short Sales and Foreclosures
  • Certified Member of the Cartus USAA Team

When you are buying or selling property in today's market, it's important to have confidence in your real estate professional.  My goal is to keep you informed on the marketplace.   If you are considering buying or selling a home or would just like to have information about real estate, please don't hesitate to call or e-mail me.