Is It Worth Buying a 'Fixer Upper' Home?

August 15, 2018 | Posted by: Kelleway Mortgage Architects

I know fixer-uppers provide excellent value, but I’m worried I’ll be in indefinite renovation mode for years if I pay for one home improvement project at a time. Should I stick to a turnkey property?

You’re right, fixer-uppers offer excellent value. (And no, you don’t have to go turnkey if a fixer-upper is your preference.) Properties that cry out for TLC stretch your real estate buck, buying you more space or getting you into a neighbourhood.

But no one wants to live in a disaster zone, amid ongoing renovation after renovation. Tackling all your renos up front gets you from fixer-upper to home sweet home more efficiently – and with way less grief. Genworth Canada's Purchase Plus Improvements program is the way to make it happen.

Purchase Plus Improvements allows you to make home improvements immediately after taking possession of your new home. The costs are rolled into one easy-to-manage mortgage, with as little as five percent down.

Because transforming a frightening kitchen into family hub shouldn't have to wait!

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