Call Us For A Free, No Olgation Consultation (803) 889-0840

Get A Offer!

Pros And Cons of Buying A Handyman Special in Columbia

A “handyman special” refers to a property that needs some love in order to be livable. The term “fixer-upper” is so widely used, that is can refer to even the most run-down and damaged houses. In this article, we are discussing the pros and cons of purchasing a property that only needs a small amount of work. Learn more about what to expect in our latest post!

The idea of buying a property at a great price can be very alluring. Often times this is how people are able to buy their home well below market value! However, just like any other real estate purchase, there are a few things you need to be mindful of. Here is a list of pros and cons to help you make the right decision when buying a handyman special in Columbia!


Lower Purchase Price

The biggest draw to buying a handyman special is the amount of money you can potentially save. When a house needs some work, the seller will usually be prepared to take a lower price. Depending on how much it will cost for you to renovate, buying a handyman special can be a huge opportunity to find your dream home at an affordable price.

Less Competition

When it comes down to it, there are fewer people in the market for homes that need work. Most people don’t want to add in the time and expense of making repairs on top of all of the other costs of moving and buying a home. You will likely have fewer people competing with you to buy the house, which in turn leads to more negotiation power and a lower overall price.

Freedom of Design

If the house needs some work to the kitchen or bath, it will give you the freedom to design things just as you wish. So not only will you save money when buying a home, but you will also get to pick out the tile and other fixtures too. It is also the perfect time to paint or replace the carpets… before any furniture is moved in. Many people buy fixer-upper properties simply for this reason: they are able to truly make the house their home.

The Neighborhood of Your Dreams

Maybe there is a neighborhood you have always wanted to live in, but it’s just a little bit outside of your current budget. You can often find a handyman special in the area allowing you to buy a home in a neighborhood you want, at a much lower price should you have chosen a move-in ready house.


You Will Spend More Than You Planned For

Well, most likely. It is smart to pad your renovation budget by at least 20%. You will inevitably encounter additional costs or find other things you want to fix along the way. Factor these “unexpected” costs into your renovation budget so you aren’t blindsided or forced to live in a house that is incomplete.

You Might Be In Over Your Head

Sure, HGTV makes it seem easy. Jim and Susan find a dilapidated mess and 30 minutes later they are living in a dream home. The reality of it is that it is rarely this easy. Being logistical hangups, construction permits, problems with deliveries and issues with contractors, you might find that fixing up a home comes with its fair share of headaches. That said, if you are prepared for these things going into the sale, you will be able to save yourself a lot of time, money and frustrations.

Are you ready to buy a Columbia house? We can help! Send us a message or give us a call today! (803) 889-0840

Ben Lovro

Ben Lovro is an entrepreneur with a vision to improve neighborhoods and revitalize the communities that we live in. He has a clear passion for people and has developed effective strategies and real estate solutions in todays rapidly changing market. He is committed to being a lifelong student of Success Strategies and Leadership. Knowing what you want is perhaps the most important step in self-development; this takes much persistence and self examination. Once your desire to serve God overwhelms all other desires, you begin to step into your purpose and your mission in life changes. To be fulfilled in life you have to grow. The art of fulfillment is what develops our life into an expression for others to follow. Some of our greatest moments come from facing our fears and doing the things that scare us the most. You have been given one life, and one chance to tell your story. It's never too late to become the person that want to be.

Get More Info On Options To Sell Your Home...

Selling a property in today's market can be confusing. Connect with us or submit your info below and we'll help guide you through your options.

Download Your FREE "Pros, Cons, and Pitfalls" Guide Below

Just put in your name and email, click "Submit" and we'll email you the Free Guide right away.
  • We never rent, sell, or share your info with anyone. It's not cool and we hate spam

  • This field is for validation purposes and should be left unchanged.