Equity Arizona Real Estate
Equity Arizona Real Estate
Ian Chait, Equity Arizona Real EstatePhone: (602) 430-5572
Email: [email protected]

Fixer-Uppers: 3 Main Things to Look For

by Ian Chait 09/05/2021

Photo by Michael Jarmoluk via Pixabay

When you’re shopping for a new home, the prospect of a fixer-upper being on the market for an unbeatable price sounds great! There are a few things that should be on your checklist to make sure that the juice is worth the squeeze when purchasing a home. A fixer-upper that needs mainly aesthetic repair is usually a good deal. Just make sure you ask your real estate agent or the property owner about some costly, but necessary, repairs.

Foundation

First off, any home that is worth its weight in gold needs to have a good foundation. Foundation issues can be quite expensive, depending on the type of repair needed. For example, all houses will settle over time. It’s only natural. But if your prospective home has settled too much it can lead to slab leaks, cracks and serious structural issues; which may lead to expensive repairs. 

Water

Plumbing issues can range from a minor leak in the faucet to a cracked supply or drain line, which can either be a slight nuisance or a major flooding issue (and flood damage is not a cheap fix on its own). Along with the immediate cost of the plumbing repairs themselves, plumbing problems can cause higher monthly water bills.

Electrical

Electrical issues can not only be costly to repair but very unsafe. If you are shopping for a home, make sure to check with the homeowner or agent about the quality of wiring, electrical sockets, etc. to avoid both the costly repairs.

Remember, when shopping for that great fixer-upper in your new neighborhood make sure to check these three big boxes before choosing your soon-to-be dream home.

About the Author
Author

Ian Chait

Hello, my name is Ian Chait. I’m a professional, full-time real estate agent and designated broker of Equity Arizona Real Estate based in Scottsdale, Arizona. After the opportunity to see the world from touring in the mid ‘80’s as a lead vocalist, I settled in Phoenix, Arizona. It’s at this point, I secured my first investment deal that began my life-long career in the Real Estate business. Along the way, I’ve assisted in hundreds of transactions that provided me the real-life education providing me the knowledge, the skill-set and the expertise necessary to become the top tier agent I am today. I’ve earned a solid reputation among my peers and have been fortunate to make many friendships with repeat clients and their families along the way. During the early 2000’s, I obtained a Bachelors Degree in Finance and Accounting from the University of Phoenix.