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Fixer-uppers are not for everyone, but the results are usually worth it.

Properties that need a lot of work are usually offered for sale at a discounted price. If you're attempting to buy into a high demand, high priced neighborhood, a fixer at a reduced price could represent a prime opportunity. Just make sure that you know what you're getting into before you complete the purchase. Have the property inspected by qualified professionals, and get estimates from reliable contractors for necessary repair work. Fixer-uppers usually sell at a discount because of deferred maintenance and functional obsolescence. In an extreme case, repairs can run in to the hundreds of thousands of dollars.

Recently a couple with two small children made an offer to buy a fixer-upper in Nashua, a city with an excellent public school system. The demand for homes in Nashua is currently so high that some listings in good condition sell for asking or over the asking price, sometimes with as many as 10 and 11 offers. This Nashua fixer-upper presented an opportunity to buy at an affordable price. The buyers plan to live in the property in its present condition while they save money for an extensive renovation.

They were preapproved for a mortgage so they knew what price they could afford to buy. They studied comparable sales information. Fortunately, they had seen most of these properties. They had experience renovating their current home, so they were able to come up with a ballpark estimate of how much it would cost to renovate the property. They had lived through remodeling projects and knew first-hand how disruptive the process can be. Numerous inspectors scrutinized the property. The inspections revealed that both the roof and the foundation needed replacing-two large unanticipated expenses. Through further negotiations, the seller agreed to lower the purchase price by half the amount of these repairs. The buyers also consulted with an architect who was familiar with the Nashua Building Department requirements. This revealed that getting approval for the remodel would be a lengthy process. Armed with this information, the buyers decided to go ahead with the purchase. Less experienced buyers shouldn't even consider a project of this magnitude.

An issue for most buyers contemplating a major home renovation is whether they will be able to recoup the costs when they sell. In most cases, the answer is: not immediately. Fix-up for sale projects involving minor cosmetic improvements are usually profitable when you sell. But, you usually don't recoup 100 percent of your investment on a major remodel done just before you sell. Major renovations completed for your own benefit usually pay off if you live in the property long enough. Your home should appreciate in value over time. You'll earn appreciation on an asset that has been made more valuable by your renovations. Plus, you'll enjoy the benefits of the improvements while you're living in the property.

The closing: Buying a fixer isn't for everyone. But if you do decide to take on such a project, go into it with your eyes open. It could take longer and be more frustrating and expensive than you anticipate. Fortunately, the results are usually worth it.

11 Fixer Uppers For Sale in Southern New Hampshire.
Salem NH Home $389,900   1648 Sqft | 5 Bedrooms |  2 Baths | 15 Images
Real Estate  in Salem NH       MOTIVATED SELLER ! Reduced again ! Major Price Reduction! Owner says sell! Unique former farm property, ORIGINAL OWNER! Residential, Rural zoning with lots of INCOME potential setting with its own private pond that is spring fed. attached 4 level barn, detached 2 stall garage . 2 story home with 4 BRs up and potential 5th down or office. Circular driveway with attached garage. Private Back yard with beautiful pond view. Property comes with 30X60 stand alone work shop with 10 foot garage door that is presently leased to a business. Home has been rented and needs work. Barn foundation in good shape. new hot water tank, updated electrical and newer roof This is your chance to be in Peaceful North Salem with lots of possibilities. and potential

Peterborough NH Home $80,000   2521 Sqft | 3 Bedrooms |  2 Baths | 5 Images
Real Estate  in Peterborough NH       Are you ready for your very own episode of fixer upper? This one has got incredible potential! The 3 bedroom home features a fireplaced living room with a 2 car drive under garage - and only a 2 minute walk to town. The current owner has completely gutted the house and put on a brand new roof. Great views overlooking downtown from the terrace in the backyard. The inside is ready for you to finish! House is being sold as-is.

Nashua NH Home $210,000   1410 Sqft | 2 Bedrooms |  1 Baths | 15 Images
Real Estate  in Nashua NH       PRIME NASHUA LOCATION WITH LOTS OF POTENTIAL!!! Don't let this nice sized 2 bedroom, 1 bath, living room, eat-in kitchen fixer-upper Ranch/Rambler SLIP AWAY!! Great location, nice sized yard, decks, shed, fenced, near all Nashua amenities. With a little cosmetic TLC this could be a great investment property, a great 1st time buyers home, a great home to remodel and sell. So much potential here. Come take a look today and make this what you'd love!

Nashua NH Home $90,000   1549 Sqft | 3 Bedrooms |  1 Baths | 40 Images
Real Estate  in Nashua NH       Nashua 90k for a house? You can own this for less than any rent in the city! Ok yes it needs work, but it has good bones, a lt of work has been done, updated electrical, insulation, newer furnace etc. Roll your sleeves up and make some money here! Will not go VA OR FHA, Cash or possible re-hab loan on this!

Merrimack NH Home $253,550   4364 Sqft | 5 Bedrooms |  3 Baths | 24 Images
Real Estate  in Merrimack NH       NEW PICTURES ADDED 8/17/2018. Needs work. Great area, close to Merrimack River with boat ramp access. Potential in-law. Studio area as well. Priced well below assessed value. Back on market pending signed release.

Merrimack NH Home $175,000   1824 Sqft | 3 Bedrooms |  1 Baths | 2 Images
Real Estate  in Merrimack NH       Priced to sell quick! Fixer upper, Handyman Special or Flip house. Call it what you want and turn it into a comfortable house. Own a piece of Merrimack in a convenient location near Rt 3 North or South, Manchester Airport, Malls, Shops, Restaurants, Schools and more! Do not let this opportunity pass you!

Manchester NH Home $249,000   2787 Sqft | 4 Bedrooms |  2 Baths | 12 Images
Real Estate  in Manchester NH       NORTH END FIXER-UPPER..JUST LIKE ON TV! This house needs love (and money and a brave handyman) or Fix and flip! 3 min to Exit 9-S of I-93.Least expensive big house in executive neighborhood. Wood fireplace in LR; applianced kitchen, fairly-modern cabinets can be revived; double-sized storage shed (or delightful party or playhouse) in bog backyard; garage, carport; open-concept floor plan LR/ DR; entry foyer; one bedrm on second floor w/ bathroom, plus 2-3 other bedrms on 1st floor, with full bath. FHA 203K candidate! Use OPM. Vacant, can be viewed anytime! Lockbox.

Londonderry NH Condos $139,900   1435 Sqft | 2 Bedrooms |  2 Baths | 11 Images
Real Estate  in Londonderry NH       Get a bargain and put your own style into this home. This affordable fixer upper has 2+ bedroom, 1 1/2 bath condo has a recreation room, a bonus room and a utility area in the basement. The main floor is open concept, giving it a a more spacious feeling. With both the back deck overlooking the treed area and the fact that the home is slightly tucked away, it gives the area a feeling of privacy. The home needs alot of work and is priced accordingly. Experience easy living at pet friendly Mountain Home Estates. Enjoy the indoor and outdoor pools, gym, clubhouse, playground and walking trails. Why rent when you can own for the same or less?

Deering NH Home $164,500   2942 Sqft | 3 Bedrooms |  2 Baths | 39 Images
Real Estate  in Deering NH       Motivated Sellers! Sellers will consider all reasonable offers. This classic New England farmhouse is set in the picturesque center of Deering. Large first floor over sized rooms. The kitchen offers lots of custom made built-ins as well as a real old fashioned pantry. Step out the back door of the kitchen on to a private deck and fenced area. From the driveway enter the mudroom & go to the office or come into the dining room. An attached two car garage makes it easier in the winter and offers a large workshop. The family room is the original part of the home built in 1785 and the wooden beams and door hardware testify to the history. The current owners have worked very hard to repaint much of the interior and install a new kitchen floor. Upstairs you are going to find two bedrooms on the second floor and a huge bedroom up in the former attic. (steep stairs to the attic) The old fashioned claw tub and separate shower stall on the second floor offer lots of charm to the sleeping area. Outside enjoy the farmer's porch along the front of the house. The home comes w/ a huge old fashioned barn w/ animal stalls and an area for barn animals to graze. (one wall needs work) All of this on 2 separate lots (one across the road). The house side has 2.79 acres and the lot across the road has 1.70 acres. Deering Reservoir is just a few miles away for swimming & boating. This home will not likely qualify for FHA/VA loan because some exterior chipping paint.

Bedford NH Home $203,000   2304 Sqft | 2 Bedrooms |  1 Baths | 15 Images
Real Estate  in Bedford NH       INVESTORS WANTED!!! Great fixer upper opportunity, 2 bedroom cape with great potential to add 768 sqft of value and 2 extra bedrooms on the second level. Great locations close to shopping and highways! A great starting point for any investor! Call today to schedule an appointment!

Allenstown NH Home $169,900   1159 Sqft | 2 Bedrooms |  1 Baths | 4 Images
Real Estate  in Allenstown NH       Allenstown Fixer upper in nice neighborhood. This 1976 Split-Entry home Features 4 room , 2 Bedrooms and one full bath and will not take much to bring her back to life. Screaming with potential and located in a quiet section of town. Plenty of room to expand more living space in lower level. Large detached 2 car garage is an added Bonus !!! Water and utilities are not running. House being sold as is.