House Repair Decisions
House repair decisions are common when
dealing with fixer uppers homes. Deciding if you should repair
something can be tough. Most of the time house repair decisions
are based on weighing the benefits of repairing and the
costs of the repair. Do you really need that house
repair or improvements? if so what should you buy for
your house repair?
Below are some tips to base your house
repair decisions on:
Get multiple estimates for your house
Always get 2 or 3 estimates before you
choose a contractor for your house repair. Many companies give
free or low-cost inspections and written estimates. You can
compare all the estimates before you decide on your house
Costs, materials and construction methods
for your house repair
If you talk to many general contractors, you
will be amazed at how many different materials, construction
methods and costs there are for any house repair. Once general
contractor will have a different idea of how to do that house
repair than another general contractor. You will find that you
like one construction method or one general contractor more and
decides to do your house repair using that general contractor.
Different construction methods costs different of course.
Before you decide on a house repair
job, compare costs, materials, and construction methods
suggested by different general contractors. You should make
your house repair decisions based on the needs of your home or
your fixer uppers home. Don't trust one general contractor to
make the right decision for your home or your fixer upper.
Don't go for the lowest price for your
Many real estate investors fall into
the cheap deal trap and find themselves in a real estate
scam or a contractor scam. What they think was the cheap bid
turns out to be an expensive court case or just a loss of money
because of the many real estate scams and contractors
scams out there.
The lowest price is not always the best deal
for your house repair. It could mean that the contractor
plans to use poor quality materials and the repairs will not
last. However, paying a high price for house repair doesn't
mean you will get the best quality of work either. The
contractor may be ripping you off or scamming you into a real
estate scam. So shop around and compare before you decide on
your house repair.
Can I afford the house repair for my fixer
You may find a good general contractor and a
fair price for home improvements or house repairs. But before
you go any further, think carefully about whether you can pay
for that house repair job. Don't let someone talk you into
buying something for your house repair that you don't need
or can't afford.
Many contractors will offer financing or
will refer you to a lender to finance the house repairs.
However, most house repair lenders or home improvement
financing lenders will take a mortgage (called a "deed of
trust") on your home. This means that if you miss any house
repair or home improvement financing payments, the lender can
foreclose on your home and you will lose your home!
Before making a house repair decision, ask
yourself, "Am I willing to risk losing my home if I get behind
in my payments?" If not, you may want to wait and have the
house repair work done later.