I have recently sold a number of homes in the Streetsville area. This mature neighborhood in Mississauga has a wide range of real estate properties available —from new townhomes, to historic homes, to bungalows, to post WWII homes, and more. It is also a neighborhood that currently has quite a few homes that are being rebuilt or extensively renovated. So what are the advantages of buying a fixer-upper?
One of the great things about buying a fixer-upper is that every time is the right time; it is not dependent upon whether the real estate market is hot or cold. Mississauga real estate properties that need some tender loving care can be a real bargain during any real estate climate. The best fixer upper is the home that everybody will covet when it is fixed up, but few can see past its imperfections to see the potential.
Location, location, location. Location drives saleability. Buying a fixer-upper can be a wonderful opportunity to acquire property in a neighborhood that is expensive. For some, it is the only way. Fixer-uppers are usually on terrific lots that are big, wide, private, or otherwise scenic. So usually, the selling feature of the property is the location and the lot itself. Those details, obviously, can’t be changed. The home’s interior and exterior can.
Buying a fixer-upper is a great way to obtain a custom-made home. Whether you are the designer and builder, or whether you hire an architect and a general contractor, a fixer-upper is a wonderful way to create your dream home. Depending on how much work needs to be done, these homes open a world of opportunity to choose your flooring, your kitchen, your bathrooms, and much more.
For that reason, fixer-uppers can provide much pride and satisfaction. I have had the privilege of selling countless fixer-uppers to many clients. When I return months later to say “hi” and see how they are doing, I am always incredibly happy to see such wonderful transformations. And my clients are always beaming with smiles, as they show off their “new” home. It is heart-warming to see.
If you are considering purchasing a fixer-upper, please contact me at 905-502-1500, and we can discuss this further.