Re: Any ideas for a guy buying fixer-upper house t

Posted by kyhayman on September 01, 2004 at 11:25:48 from (205.204.242.23):

In Reply to: Any ideas for a guy buying fixer-upper house to re posted by Bryan on September 01, 2004 at 09:31:56:

First of all, decide what your goals for the project are. Do you want to practice doing a 'restoration' or 'make the maximum amount of $'. Really the same as fixing up old equipment, if you want a 'restoration' take each part in sequence and pay extreme attention to details. If maximizing profit concentrate your efforts on those things that will make the most visable effect for the least amount of money. For example, if you plan to live there and want to restore it you might consider upgrading plumbing and electrical. If you plan to strictly turn a profit, as long as the wiring works and the plumbing drains I'd stay out of those high dollar low return aspects. Concentrate instead on paint, drywall, carpet, and tile. Dont buy the best, buy the best looking. As in any business, begin with the end in mind.

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