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James A. 'Jim' Byler
Coldwell Banker Residential Brokerage
Post Road Market Place 318 Main St, Suite 165
Northborough, MA, 01532
Office: 508-449-4026
Fax: 508-449-4026
Lic. #: 9043270 (Massachusetts)
are fixers a good idea in bad areas Print

Are Boston MetroWest fixer uppers a good idea in bad areas?

It depends. Distressed properties or fixer-uppers can be found anywhere, even in wealthier neighborhoods. Such properties are poorly maintained and have a lower market value than other houses in the neighborhood.
Many Boston MetroWest marketvexperts recommend that before you make such an investment, first find the least desirable house in the best neighborhood. Then do the math to see if what it would cost to bring up the value of that property to its full potential market value is within your budget. If you are a novice buyer, it may be wiser to look for properties that only need cosmetic fixes rather than run-down houses that need major structural repairs.

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Last Updated ( Thursday, 04 September 2008 )
 
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"This website is NOT the official website of Coldwell Banker Residential Brokerage" Coldwell Banker Residential Brokerage, is an Equal Opportunity Company. Equal Housing Opportunity. CBRB is owned and operated by NRT Incorporated. All rights reserved.

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