Lawyer Reacts To Dave Ramsey Advice On $2M Fixer Upper

Buying a fixer-upper home priced around $2 million requires careful consideration. At this price point, the property is likely in a desirable location or has unique features, but substantial renovations can quickly add to the overall cost. Buyers should evaluate the home's potential after repairs versus the cost of purchasing a move-in-ready property in the same area. Assessing the extent of necessary repairs and estimating renovation costs is crucial. Hiring a professional inspector and getting contractor quotes can provide clarity. Financing options should also be considered, as renovation loans might be needed. Additionally, buyers should weigh the time and effort required for renovations against their lifestyle and future plans. While a fixer-upper can offer significant long-term value and the chance to personalize the home, it's essential to ensure the investment aligns with financial goals and lifestyle expectations.s
Tiffany Webber is a real estate attorney and owner of Thomas & Webber, a real estate law firm in Mooresville, North Carolina. They handle both commercial and residential real estate closings, estate planning, and business formations.
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Thomas & Webber
514 Williamson Rd.
Suite 421
Mooresville, NC 28117
704-663-1600
www.thomasandwebber.com