Fixer-Uppers: A Great Way To Experience The Culture And Turn A Profit
A lot of overseas buyers are drawn to the fixer-upper. That is, a home that falls somewhere on the continuum between “bring your paint brush” and a total wreck.
I’m a big fan of restorations myself, and my wife and I have done several projects overseas. Several times, we remodeled while our shipment of household goods was en route, which makes the inevitable mess much easier to handle.
One reason many of us like the fixer-upper is that they are generally selling well below market value, so the upside potential for the finished product is enticing. But also, many of us simply enjoy the work of restoring a home.
Restoring a run-down home is profitable because