• About

The Hanley Home Team Blog

~ "ON TOP" Of Your Real Estate Needs!

The Hanley Home Team Blog

Tag Archives: reputable contractors; fixer-upper; contractors; do-it-yourself; investment property; home renovation project

Before Taking on a Fixer-Upper Right Now Consider These Current Issues

04 Monday Jan 2021

Posted by The Hanley Home Team in #DIY, #HanleyHomeTeam, #HomeBuyer, #HomeBuyingTips, #HomeOwner, #HomeSeller, #housegoals, #househunting, #Jacksonville, #JacksonvilleFL, #KellerWilliams, #Movingday, #RealEstate

≈ Leave a comment

Tags

DIY, real estate, real estate advice, real estate consultant, Real Estate in Jacksonville FL, real estate investments, Real Estate Team, real estate tips, reputable contractors; fixer-upper; contractors; do-it-yourself; investment property; home renovation project

With the inventory of homes so low, some buyers are binge-watching HGTV and beginning to consider buying a fixer-upper. Fixing up a property can be a fun, fulfilling experience for many homeowners. But fixer-uppers can be challenging in the best of times—and with some of the challenges in today’s market, this doesn’t exactly qualify as “the best of times.”

A recent article from realtor.com outlined some of the reasons why now might not be the best time to buy a fixer-upper property, including:

  • Material costs are high… The pandemic has created a high demand for home renovations, which has sent the prices for materials through the roof, doubling—or even tripling—in many cases. So, the renovations that you need to make on a fixer-upper property? They’re likely to cost significantly more than they would have at this time last year.
  • …and crews are busy. The demand for home renovations also has many contractors booked out for months—which means that, if you buy a fixer-upper, you could have to wait a significant period of time to start tackling projects.
  • There’s a higher risk for issues. Any property could have issues you don’t notice on your initial viewing—but the risk of safety, environmental, or inspection-related issues is much higher for older homes that need a lot of work.

The Takeaway:

Bottom line? There are definite challenges associated with buying a fixer-upper in today’s real estate market—and buying a new construction or a newer home with fewer necessary repairs is probably going to be a safer bet. But if you’re set on making a fixer-upper purchase? Talk to your real estate agent (us!) as we can help you better understand the challenges associated with buying a fixer upper—and help you get a plan in place for navigating those challenges. Kevin and Jennifer Hanley, REALTORS http://www.HanleyHomeTeam.com The Hanley Home Team of Keller Williams Realty Atlantic Partners Southside

Advertisement

Choosing a Reputable Contractor

18 Tuesday Jun 2013

Posted by The Hanley Home Team in Uncategorized

≈ 1 Comment

Tags

reputable contractors; fixer-upper; contractors; do-it-yourself; investment property; home renovation project

With the number of foreclosed or bank-owned properties floating around out there, we often speak with folks who are preparing to embark on a renovation project.

Unfortunately, with a rise in remodeling comes a flood of disreputable contractors looking to cash in. We do our best to protect people by providing referrals to reputable contractors, but there are plenty of people out there we don’t get a chance to talk to.

If you know someone who is about to undertake a major renovation project, we urge you to share this excellent article published by the Federal Trade Commission, “Home Sweet Home Improvement.” It includes a PDF guide your friends and family will find helpful.

The guide covers:

• The types of home improvement specialists
• How disreputable contractors operate
• Questions to ask contractors
• How to check references
• Understanding payment options
• The “Home Improvement” loan scam
• …and several other useful points

Here’s the link to the article on the FTC website:
http://www.ftc.gov/bcp/edu/pubs/consumer/products/pro20.shtm

Also, you can download the PDF file directly here:

Click to access pro20.pdf

Do you need a referral to a contractor or two? Are you in the market for a property to fix-up and call your own (or use as an investment property)? We’d be happy to help. Give us a call or shoot us a message today: Kevin and Jennifer Hanley, REALTORS 904-422-7626 or Kevin@HanleyHomeTeam.com – http://www.HanleyHomeTeam.com

Subscribe

  • Entries (RSS)
  • Comments (RSS)

Archives

  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • August 2018
  • July 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
  • October 2017
  • September 2017
  • August 2017
  • July 2017
  • June 2017
  • May 2017
  • April 2017
  • March 2017
  • February 2017
  • January 2017
  • December 2016
  • November 2016
  • October 2016
  • September 2016
  • August 2016
  • May 2016
  • April 2016
  • March 2016
  • February 2016
  • January 2016
  • December 2015
  • November 2015
  • October 2015
  • September 2015
  • August 2015
  • May 2015
  • April 2015
  • March 2015
  • February 2015
  • January 2015
  • December 2014
  • November 2014
  • October 2014
  • September 2014
  • August 2014
  • July 2014
  • June 2014
  • May 2014
  • April 2014
  • March 2014
  • February 2014
  • January 2014
  • December 2013
  • November 2013
  • October 2013
  • September 2013
  • August 2013
  • July 2013
  • June 2013
  • May 2013
  • April 2013
  • March 2013
  • February 2013
  • January 2013
  • December 2012
  • November 2012
  • October 2012
  • September 2012
  • August 2012
  • July 2012
  • June 2012
  • May 2012
  • April 2012
  • March 2012
  • February 2012

Categories

  • #BedroomDecor
  • #buyandhold
  • #Condoliving
  • #DIY
  • #Forrent
  • #HanleyHomeTeam
  • #HOA
  • #HomeBuyer
  • #HomeBuyingTips
  • #HomeOwner
  • #HomeSeller
  • #housegoals
  • #househunting
  • #HurricaneSeason
  • #Jacksonville
  • #JacksonvilleFL
  • #KellerWilliams
  • #Movingday
  • #Passiveincome
  • #Quaratine
  • #RealEstate
  • #Refinance
  • #sellingyourhome
  • #summer
  • #Townhouse
  • #yardtips
  • #yardwork
  • DIY
  • Jacksonville
  • real estate
  • Summer Yard
  • TIPS, HACKS
  • Uncategorized

Meta

  • Register
  • Log in

Blog at WordPress.com.

Privacy & Cookies: This site uses cookies. By continuing to use this website, you agree to their use.
To find out more, including how to control cookies, see here: Cookie Policy
  • Follow Following
    • The Hanley Home Team Blog
    • Join 114 other followers
    • Already have a WordPress.com account? Log in now.
    • The Hanley Home Team Blog
    • Customize
    • Follow Following
    • Sign up
    • Log in
    • Report this content
    • View site in Reader
    • Manage subscriptions
    • Collapse this bar
 

Loading Comments...