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TORONTO & GTA HANDYMAN SPECIALS|TORONTO & GTA FIXER UPPER
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"The most successful people in life are generally those who have the best information." 
Call Tom Sachdeva @ 647-299-4529 Fixer upper/Handyman special is a realestate property that will require maintenance work to redecorate, reconstruct or redesign. They are popular with buyers who wish to raise the property's potential value to get a return on investment, a practice known as flipping, or as a starter home for buyers on a budget. Home-improvement television shows touting do-it-yourself renovation techniques have made fixer-uppers more popular, but during a real-estate downturn, with newer homes available at depressed prices, there is often reduced interest. Inexperienced buyers frequently underestimate the amount and cost of repairs necessary to make a home livable or saleable. Structural and service issues such as a home's foundation or plumbing, which may not be visible at first, can require expensive, professional contracting work. 
10 Tips for Buying a Fixer-Upper in Toronto & GTA
Buying a basically sound house and updating the cosmetics is a profitable thing to do in almost any market. But be careful what you buy or it may end up costing you later on.
Here are 10 things to consider when selecting a fixer-upper:
1. Purchase homes that are at least 5 percent below the market value of comparable nearby homes or below the city assessed value.
2. Choose a location with a low crime rate, good schools, and quiet streets. There isn't anything you can do to cure a poor location.
3. Choose a house with three or four bedrooms. Smaller homes are unlikely to have enough buyer appeal.
4. Avoid homes that need major unprofitable repairs, include wiring, major plumbing, foundation repairs, major kitchen and bathroom renovation, room additions, and/or a new room. Spending money on these basics doesn't add value. Buyers expect them.
5. Find a home that needs profitable cosmetic improvements like fresh paint inside and out, new light fixtures, new carpets and flooring, and fresh landscaping.
6. Look for affordable, low down-payment financing, such as taking over an existing mortgage, lease with option to buy, seller carry-back financing, or a combination.
7. Avoid obtaining new bank financing until the fix-up work is completed and the home's market value has increased.
8. Don't buy a fixer-upper that is more than 60 minutes from your current residence because it is important to visit everyday while the renovation work is being done.
9. Make sure that the seller or tenants will vacate immediately upon transfer of title.
10. Look for sellers who are motivated to sell and who want to make the sale happen.
Keep in mind every situation is unique ,so discuss with a confident Real estate agent. Call Tom Sachdeva @ 647-299-4529
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FIXER UPPER HOMES | HANDYMAN PROPERTIES
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Fixer Upper - REGISTRATION for Serious Buyers Only
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Register here to see listings.
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Are You Planning to Sell Your Property which is a Fixer-Upper?
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Get Free Evaluation for Your Fixer-upper. Are you a owner of a property which needs renovations to sell and you are short on funds or just life has taken a toll on you and you want to sell it for the fair market price ,then call me and complete the form below.
Please complete and submit the following Online Home Evaluation form. The more information given, the more accurate the evaluation. All information you provide is secure and will be kept strictly confidential.
To provide a more detailed Comparative Market Analysis, we would be more than happy to also assess your listing in person. Napoleon Hill:
It is literally true that you can succeed best and quickest by helping others to succeed.
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