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Should You Buy That Fixer Upper in Austin?

by Rebecca Shahan

Buying a fixer-upper in Austin, if you buy the right one, can really be a great investment. If the right things are wrong with a house, it can become both your dream home, as well as earn a great deal of equity.

You don't need to be a DIY guru wither. Patience and time are all that's needed.

Here's how you can tell if that home you're looking at fixing up is worth it.

Evaluate the Price

A fixer-upper should be priced as such. Try not to fall in love too quickly with a home that “just needs a little TLC.” make sure you do your research and make sure the price is right for the work needed.

Also look at other homes in the neighborhood to see how much they sold for and how much work they've had and how fancy they are. you don't want to over-improve for the neighborhood, as this could affect the selling price in the future if you decide to sell.

Start Evaluating What Improvements Are Needed

An ideal fixer-upper is a home that offers a lot of opportunities for “instant equity." This means that if your turned around and sold the home right away, you would get your money back.

Some improvement tasks can be as simple as painting or landscaping, which you can accomplish with sweat equity.

Other tasks may require the work of professionals and cash to pay them. It’s those projects you want to carefully evaluate against the home’s price.

Which Hire-a-Pro Projects Add Instant Equity?

Some home improvement projects that require a pro stay at the top of the list of things that will be worth the cost instantly.

Based on data gleaned from the “Remodeling Impact Report” (RIR) from the National Association of REALTORS®’, if these three projects are on your fixer-upper’s list of must-haves, then you may have found your dream equity-builder:

  • New roof
  • Hardwood floors
  • Insulation

While those three are pretty safe bets. Almost any project can be worth it with a fixer-upper if the price is right. For example, a complete kitchen renovation can cost $65,000 and recover only about $40,000 when you sell. But if the fixer-upper is discounted enough, think how amazing it would be to cook in a kitchen you designed yourself.

Evaluate Your Ability to Deal with Disruption

Whether you’re a DIY Jedi or content to let the pros handle the remodel, if your patience is shorter than your potential home’s to-do list, a fixer-upper may not be a good choice.

Renovating a bathroom alone can take two to three weeks. Add hardwood flooring, a new kitchen, and siding, and you’re looking at a whole summer’s worth of rehab.

When considering a fixer-upper, evaluate the limits of your emotional energy as well. Inevitable project pitfalls and delays can be wearing. Only if you have the time, patience, and emotional endurance for a fixer-upper will it be a good fit for you. And only you can determine that.

But if you can budget your time and money, and employ the right fixer-upper strategies, you might find yourself with a double reward: A home that’s worth far more than you paid, and the joy of knowing you helped get it there.

Check back on our blog twice a week for more real estate news, ideas, and local events in Austin and Lake Travis. You can search for the perfect home on our website using our powerful home search tools. You can also get free listing alerts of homes as they hit the market at WelcomeToLakeTravis.com. And you can always feel free to call us at 512-657-4467​ to talk to an experienced agent today.

Extending The Lifespan Of Your Roof

by Rebecca Shahan

The lifespan of a roof is affected by the workmanship and materials, along with weather conditions. But there are steps you can take to keep your rood in good condition longer. The roof is a major part of your home, and keeping it in good shape will save money in more ways than just the roof itself.

Avoiding Common Maintenance Issues

Small problems left unchecked can threaten the lifespan of a roof.

Here are some of the most common issues:

  • Sagging or overloaded gutters. Leaves and debris build up over time and can cause them to sag. Clean them to avoid water damage to the deck board and the boards under the gutter line.
  • Unattended roof debris. Branches and debris can especially build up during storms. Clean these regularly to prevent rot and other damage.
  • Unknown rot or weak spots. Every few years, get up on the roof or hire a professional to check the roof's condition up close and fix any issues.

Good Ventilation

Your attic can also affect the life of a roof. Poor ventilation can lead to many problems.

During the summer, a poorly ventilated attic can reach up to 160 degrees. This hot air can get through your insulation and heat up the rest of the home. This also affects the shingles, effectively frying them and leading to decay.

Insulating the Attic

Good insulation in your attic is also important to prolonging your roof's life. Insulating your attic properly will reduce the heat transfer and reflect the radiant heat away from your roof and adding to it's lifespan.

Mold and Moss

If you find mold on your roof, you can easily clean it with a diluted bleach solution. But if you don't, it won't affect the life of your roof. On the other hand, moss can trap moisture and lead to rot, so make sure you remove moss as soon as possible.

Preparing For Damage

No matter what you do, any roof will be damaged over time. Damage can really add up during storms. If you keep on top of the smaller issues as they happen, it can lead to better protection during inclement weather.

You also don't need a ladder to inspect your roof, just a pair of binoculars. If you notice anything amiss like missing, curling, or buckling shingles, arrange for a professional once-over.

Maintaining your roof is easy with a proactive approach. With proper attention, you can enjoy your roof for years to come.

Check back on our blog twice a week for more real estate news, ideas, and local events in Austin and Lake Travis. You can search for the perfect home on our website using our powerful home search tools. You can also get free listing alerts of homes as they hit the market at WelcomeToLakeTravis.com. And you can always feel free to call us at 512-657-4467​ to talk to an experienced agent today.  

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