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Buying a Fixer Upper House in Vegas

Real estate terms, you’ve heard plenty of them, but may not entirely know what some may mean. One good example of a common, but often misunderstood, real estate term is “fixer-upper house”. If you’re planning on owning one of these houses, here’s some important information you need to know.

Definition

First, what is a “fixer-upper”? Simply put, a fixer-upper is a property that needs to be repaired or fixed. Owners can redecorate, redesign and reconstruct any aspect of the house.  However, most of the time, this house can be used as it is. Buyers who are interested in raising the property’s value, after they have fixed or repaired it, will be interested in these types of houses. This practice is also known as “flipping”, flipping the value of the house through renovations and repair.

Any time is a good time to buy a fixer-upper house in Vegas, but, depending on the condition of the house, it could also mean more expenses on the repairs. Sometimes, the damages are minimal, which makes it easier to save money.

The Cost of Repairs for a Fixer-Upper

fixer-upper home

Buying a fixer-upper house can be a good investment, but how much does it cost? Truth is, prices may vary since some properties may need more repair than others. In order to know how much it will cost you, it’s best to have the house undergo a proper assessment. This can help you see if improvements make sense, given the price you bought the property at.

What is the Best Kind of Fixer-Upper House to Buy?

First-time fixer-upper buyers usually want a property that’s in good condition and has minimal damage to fix. However, the best kind of fixer-upper is the one that has peeling wall paints, torn and worn carpets. In short, houses that have these kinds of problems are the ones worth buying. These types of properties can be easily fixed and turned back into a pristine condition. These types of house are the ones that usually sell like hot cakes in the market.

Not All Fixer-Upper Houses are the Same

If you are new to buying fixer-upper houses, it is important to understand that not all houses are the same. Not all properties are profitable in the future once they’ve been repaired. Before jumping right into buying a fixer-upper, here are a few important things you should know:

  • Location – It is important that you keep the location of the house in mind. You don’t want to buy a house in the middle of nowhere, right? It would be a hassle for you and your buyer. Keep in mind that location is important, so as you go around and look for houses, make sure that it’s at an ideal location. Near an intersection or close to a landfill? That’s a no-go! A house that is located near or next to a school is also a big no. In short, look for a house that is located in places that are desirable. Ask yourself if you would like to live in that location if you are going to sell it. If you can’t see yourself living in such a place, what makes you think that your buyer would? Makes sense, right?
  • House’s layout – Always check the house’s configuration. This will help you determine if that three-bedroom house is appealing to buyers or if they’d want something else. The layout of the house is just as important as its location. Buyers will always look at how a house looks on the inside and whether or not it is a practical purchase for them. A fixer-upper house that has a bad layout may mean more difficulty selling, so make sure you check it well. Also, consider the type of buyers you are targeting. What works for couples without children may not work for those who have children and vice versa.

Let’s Talk About Vegas

Las Vegas is notorious for its busy nightlife, casinos, and strip bars. Thus, the name Sin City was coined. While the state is known for being a gambling haven for many tourists, a lot of these people seemed to be enjoying the place and have even found themselves buying properties. Now, this sounds like a good idea, but have you asked why a lot of people are purchasing fixer-upper houses there? If you are planning to get one in the future or already looked into it, here are a few good reasons why you should have one in Vegas:

It’s home to many rich people as well as luxurious houses. In fact, Las Vegas has been growing rapidly these past few years. In a few years time, the value of a property will skyrocket. With the ever-increasing population and people moving to this part of the state, it’s not surprising that a lot of them will be looking for a place to stay temporarily or permanently. So, investing in a fixer-upper house in Las Vegas as early as now is a good idea! If you plan on getting profits in the future, invest now.

Now that you know why a lot of people are moving and buying fixer-upper houses there, is it really a good deal? How will you know if your investment is as promising as you hoped it would be?

Signs of a Bad Fixer-Upper House Investment

The idea of putting your money in an investment sounds like a good plan, but what if it goes sideways? Before you decide to purchase a house and repair it for increased profits, you should know what to look for. There are a few things you need to keep in mind when you are looking into a fixer-upper house and you must avoid them at all cost. Here are five bad signs that in a fixer-upper house:

  1. The layout is poor – Keep in mind that a house’s layout is important since you will be weighing the pros and cons if it’s a practical house to flip. If at first glance the house looks oddly designed, don’t purchase it. Always check the floor plans first so you can tell if the placement of the rooms is practical. If the floor plan is bad, there’s a big chance that you might have to reconstruct everything in the future. This just adds more expenses in your budget, let’s try an avoid that.
  2. Bad foundation – A good house to fix usually requires minimal changes. It usually doesn’t require a lot of changes and if there’s any, it shouldn’t require a lot work. However, if the house you are looking into has a pretty bad foundation (also known as the base or frame of a house), you might need to add to the property. Foundations with cracks are poorly constructed; it’s just a sign that says “This investment isn’t worth buying”.
  3. If the house is being forced to be sold – You can always tell that something is up when the seller of the house is literally forcing you to buy it. It could be due to a lot of reasons other than gaining profits, but a house being sold should not be forced upon anyone who isn’t sure about the place. So, if you feel like that owner of the house is “dying” to sell it, walk away. You might just be walking into a financial disaster even if you try to fix the house and sell it.
  4. The house is in a poor location – Again, location is important. Make sure that the house you are trying to buy is not located in a railway area where future owners might not like, near an intersection where traffic is crazy, or there are more abandoned houses than there are actual neighbors. This could be a sign that you won’t get your money back as quickly as you expected if you choose to buy the fixer-upper.
  5. The house is sold “as is” – While some houses that are sold “as is” are great, there are plenty of reasons why it’s not always a great investment. It could be that, the house has major repairs to be done, it has been abandoned for a long time, or the foundations are not as reliable. However, if you want to invest your money in a house that is sold “as is”, then be sure to examine and appraise the house properly. That way, you know if you can still profit from it or not.

Conclusion

With its fast-growing economy, Las Vegas is pretty much an ideal place to live in. If you are planning to buy a fixer-upper house and want to invest in that property, then go ahead. Knowing the costs of repairs is important, this way you can prepare for the reconstructions you’ll have done in the future. Don’t forget to watch out for the signs mentioned above, this way you can avoid poor investments in the future.

Ricki Irwin
Ricki Irwin
00:06 24 May 19
This was so easy Casey was very helpful and kept in contact through the entire process thank you again for everything. Highly recommend this company.
Lela Leedham
Lela Leedham
03:08 22 Feb 19
Great experience working with Casey and Ryan. We would recommend them anytime. They are very knowledgeable and very professional.
Emily Binder
Emily Binder
21:16 18 Feb 19
Jennifer Gibbs
Jennifer Gibbs
19:58 18 Feb 19
A very impressive operation. Very professional and knowledgeable. They follow up when they say they will. Very helpful Team. If you're looking for a fast and fair cash offer on your home, these are the guys to call!
Mario Elizondo
Mario Elizondo
19:58 18 Feb 19
Very professional and a pleasure to work with.
Danny O'Bannon
Danny O'Bannon
19:53 18 Feb 19
I called 5 different companies from google trying to find a company that would pay the most for my rental and their offer was higher than the others. Extremely streamlined process. Easiest transaction I’ve done
Ross Greene
Ross Greene
18:04 17 Feb 19
Ryan & Casey were great to work with! Absolute pro's in the business. I would definitely recommend them. If only I could give them more than 5 stars. Hope to work with them again soon! Thanks guys!
Pam Dickerson
Pam Dickerson
23:53 15 Feb 19
Excellent customer service! Helped us through the entire process. Highly recommend!
steve Balsacker
steve Balsacker
19:35 14 Feb 19
Me and my wife had gone through a divorce and we wanted a quick way to get rid of our property so we could just move on with our lives, Thankfully Ryan came in and helped us out, I didn't have the time to deal with the headache of people coming in and out as well as all the repairs that were needed. He gave me top dollar for my home and I was out in 7 days!
jason almeida
jason almeida
16:52 14 Feb 19
We have seen their signs around town and thought it was a scam, we decided to give them a call and I couldn't have been happier with our experience. They were professional and knowledgable, they paid for all closing costs and even helped with our family move. Great guys and great company! Thanks again!
Peter Floratos
Peter Floratos
04:51 14 Feb 19
This team handles their business right. They are a pleasure to work with.
Tyler Hubbs
Tyler Hubbs
04:38 14 Feb 19
Ryan and Casey treated me with patience and respect during the whole transaction! Very trustworthy and explained each and every question I had!! I would highly recommend We Buy Any Vegas House!!
Dennis Ripley
Dennis Ripley
03:55 14 Feb 19
Very professional and very knowledgeable from start to finish. They went above and beyond to help me find what I was looking for. I would definitely recommend them.
Avraham Metal
Avraham Metal
01:58 14 Feb 19
As a Real Estate Agent I have sold properties to Casey and his Team. They are men of their word and have never let me down.
Dena Shapiro
Dena Shapiro
01:29 14 Feb 19
What an AWESOME experience!! Casey and Ryan are THE BOMB!! They either answer their phone ALWAYS or respond within minutes. They originally called to see if I wanted to sell but I wasn't interested in selling. However, my neighbor had to sell immediately so I referred them to her, she accepted their offer & they closed escrow within weeks. It would've been A LOT sooner but there were delaying issues on the seller side. Anyways, they got it closed & EVERYONE is happy!! Thank you so much Casey & Ryan :). YOU'RE THE BEST!!!
Ron Lorenzo Woods
Ron Lorenzo Woods
00:51 14 Feb 19
Great team with quick and professional service!
karina giraldo
karina giraldo
00:36 14 Feb 19
Knowledgeable, fair, and professional. I loved working with Casey. I did my research before selecting a company, and I’m so happy I went with them!
Cody Raynoha
Cody Raynoha
00:27 14 Feb 19
Casey runs a great company that's honest, easy to deal with, and is always fair. I'd absolutely work with him again!
Whitney Carter
Whitney Carter
21:42 08 Feb 19
Grateful to have worked with such a great company! Long story, short they really did help me through a tough time. No need to get into details, but this company really knows what they are doing. Thank you for all of your help with my home. Highly HIGHLY recommend!
Alan Giblin
Alan Giblin
23:01 07 Feb 19
I was shocked when I heard that We Buy Any Vegas House could sell my house so fast without any fees or charges at all. Thanks again guys!
Crosbey Proffitt
Crosbey Proffitt
22:48 07 Feb 19
I started off using a realtor thinking that I would be able to sell my home fast, but that wasn’t the case. I ended up reaching out to different companies and I ended up finding We Buy Any Vegas House. They were on it the second I reached out to them and were able to sell my home fast!
Investors
Investors
18:59 07 Feb 19
I have been in Real Estate for many years, it’s so refreshing to meet such professional, kind people to work with. We Buy Any Vegas House has great employees who are responsive and get things done quick. You can tell they have a true passion for what they do. If you are looking to work with a great team and you want to sell your house quick, I highly recommend this group!
Scott Henry
Scott Henry
18:53 07 Feb 19
We Buy Any Vegas House truly is one of the most reliable companies I have worked with. You can really tell that Casey and Ryan really care about what they do and really want to make you feel comfortable in the process. Thank you for all your guys help!
Ashlyn Mazur
Ashlyn Mazur
21:26 02 Nov 18
Most professional real estate company I've ever worked with! Would for sure recommend them!
Ashley Thompson
Ashley Thompson
18:59 02 Nov 18
I called 3 different companies and Casey was the most responsive. His offer was higher than the other ones as well. I really liked that they were a local company and everyone who helped me in the process was great to work with!
Katrine Baker
Katrine Baker
18:39 02 Nov 18
My mom and I had to move out of our house pretty quickly due to her martial differences. They were honest and extremely professional during the process and we are forever grateful to have worked with such a great company! Highly recommend!
Gregory Mitchell
Gregory Mitchell
00:26 01 Nov 18
Unfortunately, I never thought I would see myself having to get rid of my home, especially in a fast time frame. However, life happens, and I needed to sell my home quickly due to a death in the family. I reached out to 4 companies in Las Vegas, and We Buy Any Vegas House not only was the most efficient, but the friendliest, most reasonable, and compassionate. The other 3 companies did not even compare. Casey and Ryan have gone above and beyond to make sure that this worked for me. They truly care about you, which means a lot especially during a tough time. They put in the effort to care about the client first, as well as my family during this tough time. I am so grateful to have found them, and to top it off, they bought my house and put cash in my pocket in 7 days. Would recommend to all! Use this company, you can't go wrong! Thanks to Casey, Ryan and John!
Samantha Bonneville
Samantha Bonneville
00:23 01 Nov 18
We buy any houses is one of the most honest companies I have worked with. They are always upfront with issues of the houses, honest with fees And closings. We have not had a bad experience after 10+ Transactions
Alyssa Trent
Alyssa Trent
23:08 31 Oct 18
I worked with them to help my Mom sell her house and they were so amazing!! They explained to us exactly how everything worked step by step. I called them on a Monday and they got us cash by Thursday. Casey is such a genuine person.
Robert Johnson
Robert Johnson
22:10 31 Oct 18
After a tenant trashed my rental property, I was faced with the decision of remodeling or selling the property in its current state. I called Casey and he walked me through the entire process, start to finish. After factoring in the amount of time and money the remodel would take, it was clear that selling to them was the best decision for me. Within a week of my first contact with Casey and his team, we closed on the property and I had cash in hand. I'll definitely be reaching out to them in the future. THANKS!!!
Corey Trent
Corey Trent
02:33 31 Oct 18
I reached out to Casey and Ryan when I needed to sell my house. They were very professional and helped me through this tough time. They were able to buy my house and close fast. What a great team they are! I would recommend them to anyone. Thanks again!
John Washington
John Washington
02:24 31 Oct 18
As a very skeptical person I always believe that my best interest is not priority when dealing with people that want my business. I cannot name the countless times that I have been burned. After looking to sell my house for a cash offer, I was called by a lot of investors, most of which had very little customer service. Several didn't return call when they said they would and then when they finally called me back, they got anger when I decided not to use their Services. From day one Ryan not only treated me like is #1 customer but also treated my whole family like long time friends. I most also state that his offer wasn't even the highest. I took the lower off with him due to the fact that he help with crucial tax situations that I needed taken care before receiving them money so it wouldn't bit me in the butt later. He answered every call before and after the process was completed. 99% of others wouldn't have even answered a text once they got the money. Could I have made a couple of thousand dollars more with someone else? Sure, but the peace of mind in knowing that it was done the right way by someone who actually was professional and care was more than worth it. Ryan has made a customer and friend for life.
Green Girl
Green Girl
00:00 31 Oct 18
I was in a really tough spot because my Husband was in the Hospital and had passed away. I was completely unready for this and had discovered that there would be considerable expenses!  I had received several letters from companies interested in the property on an "as is" basis.  Most had never got back to me after I called them or were too low of offers.  I put an inquiry in their website and was immediately contacted by the Owner who was able to come the very next day!  The entire process was easy and professional.  Thank you We Buy Any Vegas House!
Mike
Mike
23:37 30 Oct 18
Casey and Ryan were so helpful! I was was a week from being Foreclosed and they were able to get me cash in my account in 5 days! And even let me rent back until I was able to find a new home!
Karl Workman
Karl Workman
21:03 30 Oct 18
This company was not only the most professional real estate company i've dealt with, but they're the most reliable and respond quicker than most companies i've ever dealt with. They were fast, professional, and knowledgable in all aspects of our deal. Would and plan to recommend them to all of my friends and family! 10/10.
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