The low price tag that comes with a fixer-upper has plenty of allure. But with all the time, effort, and money you’ll be putting into the property, is it really worth it? In this slideshow, we’ll cover various considerations to keep in mind when thinking about purchasing a fixer-upper to serve as a vacation rental property.

1. Fixer-Upper
Vacation Rentals: Are
They Worth It?

2. Things to Consider Before Purchasing a Fixer-Upper
● Your own limitations
● The location of the property
● Your goals (and plans to
reach them)
● Your budget
● Plans for payment
● Whether you want to hire a
team, and who/which
company you’ll be hiring

3. Estimating the Costs
● It’s nearly impossible to come up with
an accurate estimate
● Specialized home inspections can help
you uncover the extent of the issues
● Consider DIYing smaller projects to
save money
● Remember you’ll have to pay for
permits
● Only purchase a home that has major
structural damage if you get a steep
discount

4. Advantages of Buying a Fixer-Upper
● Lower sale price
● Lower property taxes
● Completely customizable
● Value appreciation

5. Drawbacks of Buying a Fixer-Upper
● You’ll spend a huge amount
of time, effort, and money
● You won’t see profit
immediately
● You’re likely to run into
unexpected problems
● Your budget and timeline are
likely to change
● You may encounter local laws
and restrictions
● The house will be vacant for
quite a while

6. Thanks for watching!
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