Why a Fixer Upper Home in Nashville is a Good Option

nashville fixer upper home

Buying a home is an exciting time. It’s a time that promises change, opportunity, and the ability to make something as important as a home, your very own. When you’re looking for a new home, consider buying a fixer-upper in Nashville. Here’s why:

A Big Savings over Move-In Ready

A fixer-upper can save you a ton of money. Most home buyers want to walk right into a home that is ready and waiting for them. They don’t want to have to do any extra work to make the home a nice and comfortable place to live. Many aren’t even willing to change the paint colors. They want it “move-in ready.”   

This makes fixer uppers a good value because, in order to compete with the move-in ready homes, they have to significantly lower their asking price. Often you can buy a fixer-upper in a good neighborhood and save 10, 20 even 30% on the home relative to the other homes in the neighborhood. As a buyer, this means more cash stays in your pocket and in your bank account.

Create Equity in Your Investment

A fixer-upper also gives you the unique opportunity to make money on a home. You’ve probably heard the term “Flipping.” This is a term for people who buy fixer-upper homes, fix them up, and then sell them for a profit. If you buy a home, that’s in a good neighborhood, and fix it up, you can often make thousands, sometimes hundreds of thousands, of dollars in profit. 

Now, even if you’re not a professional home flipper, you can make money on your home. Buy it at a low cost, fix it up, and you instantly increase the home’s value. When you’re ready to sell, you will likely recoup all your investment with a bit of extra profit on top.

Make It Your Own

Buying a fixer-upper also means you can make the home uniquely yours. Moving into a move-in-ready home means you’re likely going to have beige walls, beige carpet, and beige tile. Sure, it goes with everything but it doesn’t have much personality. Being able to update the house to your personality will make it a more enjoyable place to live.

Fixing up a home is rewarding. We’ve talked about money and comfort but we’ve yet to mention that fixing up a home can be emotionally satisfying. There’s just something very rewarding about improving a home. Turning it from drab or downright ugly to a place you can be proud of. 

Avoid Homes with Structural Issues

Now, when choosing a fixer-upper, experts advise steering clear of homes that need structural work. Generally, you want to find a home that needs cosmetic improvements, not a complete overhaul from the foundation up. Structural improvements and major renovations can get expensive and you may find you’re in over your head. 

Search for your new home carefully. Evaluate the pros and cons. And don’t neglect the homes that need a bit of repair, they can offer great bang for the buck and tremendous satisfaction.

Start your Fixer Upper Home Search Today at the link below. We’ve got a list of homes in the Nashville Area priced under $150,000.

nashville homes under 150,000

 

About the Author

Born and Raised in Nashville, TN I've seen the Good and the Bad when it comes to the Nashville TN Real Estate Market. I've worked in this area for the past 15 years and helped it recover from the Housing Crisis of 2008 and Rise from the Flood of 2010. I have a Strong background in Digital Marketing and can help give your home the edge it needs in today's Digital Real Estate World. 

Buying a home presents many challenges that require a keen eye and knowledge of the area to avoid buying a Money Pit.  I can help you avoid those pitfalls and sleep well knowing your investment is secure. I work with several home builders and if finding that perfect piece of land is your goal. I can help you Build Your Dream Home 🏠.

If you are looking to Buy, Build or Sell anywhere in Middle Tennessee Let me Help You. Let's Connect 📲  and Get you Moving 🚚  or Start Your  👉   Home Search