Serving the Communities of: Oakville | Milton (Campbellville) | Halton Hills (Georgetown and Acton) | Burlington

Home Tips

Get Help
RE/MAX Associates, who average more sales and experience than other agents in the industry, are skilled at finding suitable insurers for their buyers. Call Steven Porter for a knowledgeable, skilled agent in your community. .

Remodeling Right

Fixer-Uppers Pose a Chance For Profit

Though many homebuyers do not have the time or expertise to renovate a fixer-upper, others find that such a project offers a great opportunity to turn a profit.

In order to be successful and minimize risk, buyers need to be aware of neighborhood home prices. In fact, they can actually lose money if they spend too much when purchasing the home, as the price must be low enough to allow the buyer to pay for the upgrades that will turn the property into a moneymaker.

Investing too much money into the remodel would be a mistake, however, because the property will not fetch more than the area's market price even though it may be worth more. Buyers also should avoid depending on appreciation to earn a profit, especially since a booming market can quickly turn around.

The most risk-free fixer-upper project is one in which the buyer plans to live in the home, giving him/herself enough time to finish the renovations without having to sell quickly to make a profit.

Regardless of the reasons for the purchase, buyers should have all fixer-uppers inspected by a qualified professional to guard against lost profits due to a serious defect.

Get More Home Tips Here>

"HomeALERT" Get New Listings by E-mail

Subscribe to the "Informed Home Buyer/Seller" eNewsletter

Relocation Services

Refer family or friends to Steven

Realtors, refer your clients here

Free, Essential, Selling, Tips

Free, "Careful Moving" Checklist

Free, Home Buyers Guide

Free, Home Sellers Guide

For "Sale By Owner" centre

Putting on a Better Garage sale