Buying a house and making repairs

brick turretMost of the houses I sell are old because St. Paul has mostly old houses and that is mainly where I work. My own house is over 165 years old. I have sold new houses and new construction too.

One mistake old house buyers commonly make is to try and fix and or upgrade everything right away. That isn’t a good idea. A home buyer can end up spending too much money.

The best approach, and this advice is from a Realtor® and an old house owner is to come up with a plan. Prioritize repairs and upgrades and create a budget. Start with a big list and break it down into a 3 or 5 year plan.

Also have an emergency fund. Things wear out in any house. It helps to have funds available to replace major appliances.

It is important to keep in mind that everything doesn’t have to be fixed right away.

Owning an old house, or a historic house like mine isn’t for everyone but all houses require maintenance and periodic repairs. Most everything in a house can be upgraded.

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