Friday, June 20, 2014 9:00 AM EDT
There’s something to be said about buying a home that is completely turn-key. Pay the fees, unpack your things, and voilà, you’re home.
What some people don't anticipate, however, is the discovery that their picture-perfect home isn't exactly their vision of perfection. Perhaps, the kitchen is too small, the laundry room is on the wrong floor or there aren't enough bathrooms. Their home lacks the personal touches and design that fits their lifestyle to a T.
One alternative to buying a turn-key home, if you're not lucky enough to build fresh from the ground up, is investing in a fixer upper. You can redesign and renovate the home to your liking, customizing it to include rooms for specific purposes (that yoga studio you've been dreaming of) or design details you love (hello, fabulous new light fixtures!).
Like any major investment, there are challenges to consider. Taking on a project of this scale requires hard work, time and a whole lot of money. And sometimes it's hard to see just how much work, time and money your dream home really needs. Either way, when it comes to buying a home, you need to figure out what your priorities are and how far you're willing to go to make them a reality.
What do you think? Would you take on the challenge of a fixer upper? Let us know what you think in the comments below!