TLC Real Estate



Posted by TLC Real Estate on 5/6/2022

If you’re searching for a new home, it’s important to be aware of the different terminology used for property conditions. Knowing the details of a property can help you avoid extra costs and frustration after purchase. “Move-in ready” is one term you will probably encounter in the housing market. Here is an explanation of what “move-in ready” actually means so you know what to expect:

Major Systems Are Up to Date

A home that’s designated “move-in ready” has all of its major systems in good working order. Electrical work should be up to date and include safe and functional wall outlets. Plumbing might not be modern, but it is trustworthy and has a reasonable amount of lifespan remaining.

You can expect the roof and windows to be in solid condition even if not recently replaced. A move-in ready house should have a roof with at least several decades of workable lifespan left. Windows should not leak air or moisture but might still require upgrades to more efficient versions.

Functional, Not Pristine

One key to understanding what “move-in ready” really means is to know that the home will be functional but not perfect. Kitchens, for example, are not required to have modern appliances or sparkling new countertops to be “move-in ready.” Bathrooms are similar in that the fixtures should be clean and all the drains should be unclogged. However, the fixtures and cosmetic elements of the bathroom might still look dated and need an upgrade. As long as they are functioning normally for regular use, it’s “move-in ready.”

You Might Need to Paint

The aesthetic of a home can be enough to make or break a decision. However, it’s important to know that many cosmetic features—both interior and exterior—are considered move-in ready regardless of personal taste. For example, rooms with boldly painted walls, wallpaper or paneling might not be ideal from an aesthetic standpoint, but these features will not prevent you from moving in to the home.

Keep in mind that once you buy a home, you can make whatever design decisions you wish. If the move-in ready house you’re planning to buy has an unpleasant paint color or dated paneling, you may simply need to make those changes priority.





Posted by TLC Real Estate on 4/29/2022

If you have a tight budget and love DIY, buying a fixer-upper might seem like a straightforward decision. Fixer-uppers are homes that need repairs and updates rather than being “move-in ready,” and can be affordable options in any kind of market. However, fixer-uppers require significant money, effort and careful planning. If you’re trying to determine whether a fixer-upper is right for you, here are the biggest things to think about:

Time Investment

Even the smallest home renovation can take weeks or months of time to complete. If you’re planning on renovating an entire house, expect to dedicate months of hard work to the task. Even if you hire professionals to do the hard work, you’ll be investing a lot of your time in the project. Hardcore DIY enthusiasts might be tempted to tackle all the work themselves but will need all the right skills, equipment, safety measures and more. Consider the time you’re willing to commit to before you get a fixer-upper.

Total Budget (Including Renovations & Repairs)

When building a budget for a fixer-upper, many small projects combine into one. This can make it really difficult to get an accurate idea of how much money you’ll need or want to spend. It’s also tricky to factor the cost of the home purchase into the equation, as well. If you stretch your budget too thin on buying the property, you’ll have less available for the repairs and upgrades.

Luckily, mortgage lenders and real estate professionals can help advise you on the best choice of funding for your situation. There are special types of loans meant for major home renovations that can help with your fixer-upper project and traditional mortgages.

Temporary Living Situation

Because fixer-uppers can take a long time to complete, it’s important to have a stable living situation in the meantime. If you’re selling your current home and planning to move into the fixer-upper when it’s done, this can make the timing awkward and also allow expenses to pile up. You and your fellow household members will need somewhere safe to live until the property is move-in ready. If you’ve sold your current home already, that means paying for temporary lodging.

A fixer-upper might be your dream scenario, but don’t forget to assess the reality of the situation. Before taking the plunge, consider these three key things to help you make the best decision.




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