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Buying a Fixer Upper
Manage episode 312629408 series 3239588
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We have all seen those reality shows where a couple goes to buy a home that needs just a little sweat equity. They make an offer, the offer gets accepted, and away they go spending money like it grows on trees tying to turn a drab home into a dream home. The results are often amazing.
But in reality, these shows are not based on the average buyers’ budget. I am sure you have seen the memes that say “I am a stay at home dad, and my wife is a barista at the local coffee shop, our budget is 1.5 million. Maybe they inherited the money, maybe they won the lottery, or maybe it is just make-believe.
The latter is probably closer to the truth. At any rate that is what we are going to talk about on this episode of Your Way Home. But we are going to deal with the reality of buying a fixer-upper with a mortgage.
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