Thinking about a ‘Fixer Upper’? Understanding the Balance Between Purchase and Reno Costs

Thinking about a 'Fixer Upper'? Understanding the Balance Between Purchase and Reno CostsFixer uppers can come with huge price benefits and opportunity, as well as problems. Make sure you understand what you’re getting yourself into before you purchase a home that needs significant restoration.

Carefully Calculate

Do the math very carefully before jumping in. Add up the expected renovation costs based on a thorough evaluation of the property. As some of the expected costs will lie within a grey area, it is important that you base your estimation on the higher end of the price range. Be sure to account for all materials and labor.

Once you have calculated your expected renovation costs, subtract this number from the home’s projected post-renovation market value. It is important that you base this projection on comparable listings in the same neighborhood. Consulting a real estate professional can offer very valuable assistance with this step.

To be conservative, deduct at least another 10 percent for any unforeseen costs, mistakes, or issues that arise. That final number should be the highest offer you make on the property.

Work With The Right Team

When looking for a fixer upper that is a sound investment, make sure that you have a solid team of professionals to work with. Choose a real estate agent who is familiar with the area and type of property that you are interested in, and make sure that all laborers you hire are not only competent to deal with the problems that you’ll face during renos, but who won’t cut corners. Aesthetically appealing housing don’t always pass inspections – it’s important to make sure that the property is fit for sale or it may never close at your asking price.

Aesthetic Problems Are The Best Problems

If you’ve managed to find a home that’s in great condition but is visually unappealing, you may have found yourself an excellent fixer upper. Ugly carpet, old appliances, and tacky wallpaper are easy fixes that won’t eat up much of your budget or your time.

Asbestos, leaky water lines, a cracked foundation, or a rotted frame are examples of more significant issues that will require the help of a professional. Be wary when investing in a property that has one or several of these problems, as they are the kind of issues that snowball into larger costs and a longer timeline for repairs.

Ready to find a great fixer upper and tackle it as your next investment? Give me a call!  J.P. Cook – 602-320-4253.

Click Here to See What Your Home is Worth

7530 E Mariposa Drive Scottsdale, AZ 85251

$500,000 - 3Br/3Ba -  for Sale in Villa Monterey 1, Scottsdale
Open House
$500,000
3 Beds
3 Baths
1,631 SqFt
Status Active
MLS # 6689305
Property Type Townhouse
Price Type --
Welcome to your new home in Scottsdale's Villa Monterey 55+ community, a haven of comfort and style. This inviting residence boasts stunning white marble flooring throughout, with elegant wood flooring downstairs and plush carpeting upstairs. The bathrooms showcase exquisite Italian tile. Bask in the sun-filled living spaces and entertain in your private courtyard. Experience hassle-free living in this welcoming community with the community pool, hot tub, family gathering space And pickle ball court. Ideally situated near the shops and dining. The attractions of Old Town Scottsdale, Fashion Square, and Scottsdale Quarter all near by.

15830 N 5th Drive Phoenix, AZ 85023

$500,000 - 3Br/3Ba -  for Sale in Tamarac At Moon Valley, Phoenix
Open House
$500,000
3 Beds
2.5 Baths
1,861 SqFt
Status Active
MLS # 6662959
Property Type Single Family Residence
Price Type --
Discover Tamarac at Moon Valley's allure! This well-maintained 3-bed, 2.5-bath gem effortlessly blends style and comfort. Vaulted ceilings create an airy ambiance, complemented by a full interior paint job. The main floor hosts a master bedroom with a soaking tub and a separate shower for ultimate relaxation. The versatile loft adds allure with 2 additional bedrooms and 1 bath upstairs. The kitchen boasts granite counters and a complete water filtration system. Outside, the corner lot charms with tranquil landscaping. The side yard features turf and a fenced area for pets to frolic. The HOA ensures front yard maintenance and exterior paint. Home is right around the corner from the community pool and mailbox! Easy access to freeways, shopping, dining, and parks!

16254 W Tuscany Way Surprise, AZ 85374

$500,000 - 2Br/2Ba -  for Sale in Sun City Grand-desert Breeze, Surprise
Open House
$500,000
2 Beds
2 Baths
2,035 SqFt
Status Active
MLS # 6664856
Property Type Single Family Residence
Price Type --
Welcome to this beautifully updated single level golf course home in the highly desirable community of Sun City Grand. As you enter the home you are greeted with a wall of windows framing the beautiful golf course views, an open floor plan with fresh neutral colors and rich travertine style tile. The over sized master bedroom boasts bay windows, a huge walk in closet and recently remodeled bathroom with granite countertops and walk in shower. Venture down the hallway to the chef's kitchen with Island, granite countertops, stainless steel appliances that all look out to the warm and inviting family room with stacked stone gas fireplace. Whether you would like the privacy of your quaint front patio or the wide open views on your back patio of the 17th tee box of the Desert Springs Golf Course, this home provides you the canvas to enjoy the amazing outdoor living that Arizona has to offer! Welcome to your next Home Sweet Home!

5632 W Bloomfield Road Glendale, AZ 85304

$500,000 - 4Br/2Ba -  for Sale in Mission Groves 2 At Marshall Ranch Lt 1-76 Tr A B, Glendale
Open House
$500,000
4 Beds
2 Baths
2,145 SqFt
Status Active
MLS # 6694038
Property Type Single Family Residence
Price Type --
This inviting home is located in the popular Marshall Ranch Community. It's well cared for and very spacious with its high ceilings. It features a nice entryway leading to big living spaces. Inside, there's a mix of laminate, carpet, and tiled floors, making it cozy and stylish. The layout is smart, with the bedrooms separated for privacy. There's even a separate office for work or study. This home also has a spacious great room that opens up to the kitchen. This home offers lots of comfort and is easy to see. room, creating a perfect haven for gatherings. Imagine preparing meals in the kitchen while staying connected to loved ones in the family room. This open layout fosters a sense of connection and togetherness. A private sanctuary awaits Just beyond the living areas, a back patio beckons. Envision yourself unwinding after a long day, enjoying the tranquility of the fresh air and scenic views. A perfect place to all home. This captivating home offers endless possibilities for comfortable living. Easy to show and sure to impress, it won't last long!

133 W Latona Road Phoenix, AZ 85042

$499,999
4 Beds
2.5 Baths
2,126 SqFt
Status Active
MLS # 6686503
Property Type Single Family Residence
Price Type --
Ask about how to qualify for $0 down and a 4.99% interest rate! Ascend Communities proudly unveils Latona Fontaine, where 11 meticulously crafted lots offer unparalleled vistas of the majestic South Mountain. Introducing the Sage floorplan, a spacious retreat spanning 2126 square feet with 9 foot ceilings on both floors. Inside, the open living area seamlessly connects the living room to the dining area, offering scenic views of South Mountain through large windows. Upstairs, find four bedrooms, plus a versatile loft, catering to your family's needs. The Sage floorplan is designed for modern family living, blending comfort, style, and functionality. Finishes in this home include luxury vinyl plank flooring throughout, can lighting, 40 soft-close white shaker cabinets in the kitchen, quartz countertops, gourmet kitchen backsplash, custom tile shower in the primary bathroom, black hardware throughout and pre-wiring for ceiling fans. Nestled at the intersection of Central Ave. and Baseline Rd. This vibrant community boasts an unbeatable location within walking distance of picturesque hiking trails at South Mountain, perfect for adventurous family outings. As an added delight, an exclusive pedestrian gate offers seamless access to the scenic highline canal, just a stone's throw away from your residence. Beyond nature's doorstep, enjoy seamless access to public transportation, urban conveniences, and easy connections to major freeways: Interstate 10, Interstate 17, and the 202. Embrace the best of both worlds - serene natural escapes and city accessibility, making Latona the ultimate choice for families seeking adventure and convenience.

2411 N Longmore Street Chandler, AZ 85224

$499,999 - 3Br/2Ba -  for Sale in College Park 18 Lot 1-241 Tr A-n, Chandler
New
$499,999
3 Beds
2 Baths
1,508 SqFt
Status Active
MLS # 6690987
Property Type Single Family Residence
Price Type --

14383 W Dahlia Drive Surprise, AZ 85379

$499,999
3 Beds
2.5 Baths
1,929 SqFt
Status Active
MLS # 6693259
Property Type Single Family Residence
Price Type --
One of the top Family communities in AZ. Check out all of the Amenities that Marley Park has: Pool,Community Center, Parks & more. Located within a 5 minute walk to #1 Voted, Admission Free, Charter school for 8 straight years! LEGACY TRADITIONAL SCHOOL K-8 Enter into this beautiful Foyer with a Tray Ceiling and 6x24 Faux Wood Ceramic Tile throughout accented with 4 1/4'' Baseboards. To the right you will find 2 bedrooms with upgraded carpet and a full bath in this split Cottonwood model floorplan. Next enter into an open area with the Kitchen, Great Room & Dining Area. The Kitchen has Silestone Countertops paired with Shaker Style White Maple Cabinets & Dovetailed drawers. Adjacent to kitchen is an office with the Master Bedroom privately tucked away in the back corner of the home. Check out the master bathroom which includes a spectacular tiled super shower. Finally, exit to outdoor family oasis.The backyard covered patio has been extended with an amazing 21' x 22' Pergola. The yard has pet friendly turf surrounded by pavers, rocks and amazing plants. Check out the extra wide, 8 ft., side yard with access through the RV Gate. Almost forgot to mention the home has upgraded lights, plumbing fixtures, home theatre pre-wire, two tone paint, ceiling fans and a soft water loop.

18643 W Miami Street Goodyear, AZ 85338

$499,999 - 3Br/3Ba -  for Sale in Las Brisas Phase 1, Goodyear
New
$499,999
3 Beds
2.5 Baths
2,489 SqFt
Status Active
MLS # 6701844
Property Type Single Family Residence
Price Type --
The perfect stunning 3-bedroom, 2.5-bathroom residence nestled in the heart of Goodyear. This home boasts Contemporary light fixtures and open floor plan seamlessly connects the family room to the chef's kitchen. The kitchen featuring a gas cooktop, granite countertops, and sleek stainless-steel appliances. a large island. A master suite, with a full bathroom that has dual sinks, separate tile shower and tub, large walk-in closet. A garage that offers durable epoxy floor ensures easy maintenance, while the well-organized cabinets optimize storage efficiency, resulting in a space that is both visually appealing and highly practical. Your new home awaits you! organized cabinets optimize storage efficiency, resulting in a space that is both visually appealing and highly practical. Your new home awaits you!

2739 E Windsor Avenue Phoenix, AZ 85008

$499,999
4 Beds
3 Baths
1,544 SqFt
Status Active
MLS # 6609476
Property Type Single Family Residence
Price Type --
Sellers Offering 2% Concession. Centrally located 3bd/2ba Main house with 230 sq ft guest house with a bathroom and no HOA. Close to hospitals, AZ Center, sports stadiums, symphony hall, light rail, parks, airport and hiking nearby at Camelback Mtn. The home has a welcoming great room that leads right into the beautifully updated kitchen with quartz countertops, pendant lighting, stainless steel appliances and tile/vinyl throughout the whole downstairs. The primary suite is downstairs with a large walk-in closet and its own ensuite. Stairs were redone with vinyl. The upstairs has 2 bedrooms with walk-in closets and a hall bathroom. Guest house has its own AC unit, bathroom, and beautiful vinyl flooring. Roof replaced 2022 & new AC on the main house in 2019.

4401 N 40th Street Phoenix, AZ 85018

$499,999
2 Beds
1.5 Baths
1,024 SqFt
Status Active
MLS # 6659457
Property Type Apartment
Price Type --
HOT NEW PRICE on DESIGNER SHOWCASE! Al Beadle, the Valley's quintessential modernist, defined what is now known as Mid Century Modern. Inspired by Beadle's ingenious design, By Design Development brings a fresh perspective to the style, asking, ''What Would Beadle Do?'' This question became central to the renovation of Three Fountains #28. The vision embraced Beadle's low-profile & clean lines, while introducing a rich and timeless palette that is approachable, soft, and elegantly inviting. Assembling an expert team featuring award winning interior design by Lawrence Lake Interiors, w/ architect Ned Sawyer, and Scott Jarson, Lake's 'Beadle NOW' concept embodies the essence of Three Fountains #28. Experience the harmony of Beadle's iconic style & allure! Significant & Remarkable. SEE MORE Come, experience the enchanting blend of Mid-Century Modern architecture and contemporary refinement at Three Fountains #28. Drawing inspiration from Al Beadle's enduring legacy, visionary designer Lawrence Lake Interiors skillfully merged Beadle's iconic aesthetics with modern elegance, guided by the principle What Would Beadle Do? The vision for Three Fountains #28 seamlessly combines Beadle's signature low-profile and clean lines with a rich, timeless color palette, creating an inviting atmosphere that radiates sophistication. To realize this harmonious concept, By Design Development assembled a team of renowned experts, featuring Lawrence Lake Interiors and including architect Ned Sawyer, Beadle's long-time collaborator, and Scott Jarson. Three Fountains #28 features soft marble flooring in the primary bath, completely new cabinetry throughout, a stackable washer & dryer, and a beautifully landscaped back patio. The kitchen has been functionally reimagined, featuring an eat-in kitchen island, Beadle Ball pendants, and a full-sized French door fridge. The secondary suite is set for an updated office, and terrazzo tiles adorn both indoor and outdoor spaces. Rare blue and green original glass reveals, along with a glass door reveal opening up the foyer, create a seamless flow between indoor and outdoor living. The property features a water feature and mirrored yard, expanding spaces while showcasing concrete and Mid-Century aesthetics. Additional highlights include commercial-grade carpeting, painted block walls, Euro cabinetry, a glass reveal walk-in shower, built-in closets, spider uplighting, floating vanities, and high-end fixtures. The entry wall has been removed for added light, further enhancing the property's inviting atmosphere. Nestled within this sophisticated haven, you'll find seamless indoor-outdoor spaces, perfect for entertaining or simply enjoying the tranquility of your surroundings. The landscaped back patio serves as an extension of the living area, providing a serene setting for relaxation or al fresco dining. The attention to detail in this exceptional property is evident in every aspect, from the rare original glass reveals and terrazzo tiles to the art including a high-end Al Beadle sculpture and original art works by Straight Lines and Corners adorning the walls. The result is a captivating fusion of Beadle's timeless design principles and contemporary sophistication that offers discerning homeowners a unique opportunity to immerse themselves in the essence of Mid-Century Modern design with a contemporary flair. Whether you're seeking a luxurious retreat or a stylish and functional space to call home, Three Fountains #28 delivers the perfect combination of elegance, comfort, and modern amenities, all within a beautifully reimagined Mid-Century Modern setting. Discover the captivating union of Beadle's iconic style and contemporary sophistication at the reimagined Three Fountains #28, where an unparalleled living experience awaits. Completely curated furnishings, accessories and custom designed art is available on a separate bill of sale. This design work alone is priceless. Features: Soft Marble Floor to Ceiling in Primary Bath Completely New Cabinetry throughout Stackable Washer & Dryer In unit Landscaped Lovely & Generous Back Patio Kitchen Functionally Reimagined Eat In Kitchen Island for all your parties Beadle Ball Pendants Secondary Suite Set for an Updated Office Terrazzo Tiles In and Out Rare Blue AND Green Original Glass Reveals Glass Door reveal opening up foyer Seamless Indoor Out Spaces Water Feature adds that je ne sais quoi Mirrored Yard expanding spaces Concrete & Mid Century Commercial Grade Carpeting Painted Block Walls Euro Cabinetry that shines Glass Reveal Walk-In Shower Built In Closets to make the most of every space Uplighting that demands attention Entry Wall Removed for Lightness Floating Vanities High End Fixtures Full Sized French Door Fridge Furniture, Art, Accessories available on SBOS

6525 W El Cortez Place Phoenix, AZ 85083

$499,999
3 Beds
2 Baths
1,720 SqFt
Status Active
MLS # 6678806
Property Type Single Family Residence
Price Type --
Stunning Designer 3bed/2bath Home Located In Quiet Hillside Development On A Cul De Sac Lot* Gorgeous Interior Design Draped In Soft Neutral Palette Colors* Kitchen w/ Plenty of Cabinets Space, Large Pantry & Island to entertain Your Guests* The 12'X 20' Office/Homeschool/Media Room Is Perfect For the New Lifestyle Demands* Nice Size Master Suite & Bath W/ Dbl Sinks & Lg Walking* French Doors Leads Out To Covered Patio & Spacious Backyard W/ Manicured Tiff Winter Lawn* Sunset Views Of Luden Mtn W/Access to Hiking & Endless Mountain Biking* Please Read Semi Private Remarks Regarding the APS solar PANEL AGREEMENT... There is no monthly fee and the homeowner is credited a monthly amount for APS allowing them to use the panels to feed their power grid system

3594 W Oil Well Road San Tan Valley, AZ 85144

$499,999
3 Beds
2.5 Baths
1,816 SqFt
Status Active
MLS # 6687160
Property Type Single Family Residence
Price Type --
You'll LOVE this incredible single-story home in the desirable Community of Promenade! Come inside to find a captivating open layout filled with recessed & decorative light fixtures, a trending palette, wood-look tile floors, a contemporary fireplace, & multi-sliders that merge indoor & outdoor living. Gourmet kitchen is fully equipped with a gas cooktop, a wall oven, granite counters, tile backsplash, a walk-in pantry, beautiful wood shaker cabinetry with crown molding, & a large island with a breakfast bar. Retreat to the carpeted main bedroom, featuring a full ensuite with dual sinks, a makeup vanity table, & a walk-in closet. The home's elegance extends outdoors to the backyard, offering a covered patio, an attached Ramada, an exterior fireplace, a fire pit, & pavers.

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