Making a Profit with a Fixer-Upper

When approached correctly, a fixer-upper can be financially and psychologically rewarding. It can also make home buying within the reach of those who would otherwise be unable to afford it. Some people make a career out of buying sub-par properties, renovating them and selling them for a profit. If neophyte buyers are not careful, they can be faced with a host of problems: escalating costs, schedule delays, financial set-hurtles and resale difficulties. Read on for advice to help you avoid these pitfalls.

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