There are some mistakes that a new investor might make when fixing up an older home. These mistakes can cost a lot and can discourage a new investor. One costly mistake that can be made when fixing up older houses is underestimating how much work a house might need to be brought up to date. If you buy an older house and your intention is to fix it up and resell it, if you underestimate how much work that needs to be done, you can end up spending too much on repairs to make a profit. It is recommended that you get an estimate from more than one contractor. This will give you a more accurate idea on how much bringing the house up to date will cost. http://realestatefacttips.blogspot.com/2009/09/fixing-up-older-houses-things-to-know.html
