Who doesnâ??t harbor fantasies of transforming a seen-better-days abode into a showplace? Whether hoping to live in the resulting residence, use it as a rental property, or flip it for profit, itâ??s natural to think: â??Iâ??m pretty handy, so how tough could it be?â?* Ask Andy Kogan, a real estate professional in Kansas City, Kansas, and heâ??ll tell you: Pretty tough! "It was fun at first, then fun with problems, and finally it was just problems,â?* says Kogan, who bought a 1957 two-bedroom ranch for $115,000 that he hoped to fix up and turn over quickly. While the kitchen and bathroom remodels were fairly simple, other issues kept cropping up. The job came in $15,000 over budgetâ??and Kogan reaped a mere $500 when the house finally sold. What went wrong? Start clicking!
01-24-2018, 03:30 PM
10 reasons why I wish I never bought that fixer-upper!
Who doesnâ??t harbor fantasies of transforming a seen-better-days abode into a showplace? Whether hoping to live in the resulting residence, use it as a rental property, or flip it for profit, itâ??s natural to think: â??Iâ??m pretty handy, so how tough could it be?â?* Ask Andy Kogan, a real estate professional in Kansas City, Kansas, and heâ??ll tell you: Pretty tough! "It was fun at first, then fun with problems, and finally it was just problems,â?* says Kogan, who bought a 1957 two-bedroom ranch for $115,000 that he hoped to fix up and turn over quickly. While the kitchen and bathroom remodels were fairly simple, other issues kept cropping up. The job came in $15,000 over budgetâ??and Kogan reaped a mere $500 when the house finally sold. What went wrong? Start clicking!
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