With mortgage rates high and inflation hitting some uncomfortable levels, buying a home of your own starts to seem like a distant dream. But, if you have the patience and determination to turn your first home into a long-term project, there may still be hope. A fixer-upper comes with challenges, but it?s also a unique […]
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With mortgage rates high and inflation hitting some uncomfortable levels, buying a home of your own starts to seem like a distant dream.

But, if you have the patience and determination to turn your first home into a long-term project, there may still be hope.

A fixer-upper comes with challenges, but it?s also a unique opportunity for first-time homebuyers to get the house of their dreams at a rather affordable price.
It may sound like an extreme solution, and it?s certainly not for everyone, but there are some valid reasons behind taking such a decision. 

In this article, we?ll explore several advantages that make buying a fixer-upper quite a smart thing to do.

1. Save Money Upfront

When you purchase a fixer-upper, the cost of the property is often lower than that of a move-in ready home in the same area.

This is because these homes typically need work to make them livable and may have deferred maintenance issues that can be costly to fix.

But if you’re willing to put in the time, labor, and mone...