What to Do Before Buying a Fixer Upper Home in Alaska

With a series of reality television shows boasting successful renovations and remodels of older homes, many Alaskan homebuyers have it on their agenda to purchase a fixer upper property. The idea of making something your own can be thrilling, but it's also important to remember that it can be a massive undertaking— not to mention, a very costly one.

As your real estate experts in Fairbanks, Anchorage, Eagle River, Palmer, Wasilla, North Pole and the surrounding areasMadden Real Estate is happy to share three essential steps to take if you plan to buy a home in need of TLC this year. Be sure to add the following to your to-do list as you prepare to close on your dream home:

Speak with a contractor
If you consider yourself handy and plan to do all of the work yourself, you may be able to bypass this step, but otherwise, it is always helpful to speak with a contractor who can carry out your vision for the home. You may also choose to bring an architecht on board to work on the design. However, before agreeing to work with one, it's best to gather quotes from several professionals.

Speak with a home inspector
Fixer upper homes in Alaska could be diamonds in the rough or they can quickly unveil a host of problems. A home inspector should be consulted to identify any structural issues with the property, as well as anything that needs to be replaced or repaired— the roof or heating and cooling system, for instance. Once you've started on your renovation, the last thing you need is a setback like a plumbing failure or unstable foundation. Do not hesitate to reach out if you need a recommendation for a home inspector— Madden Real Estate is a hub of resources!

Research the location
No matter what type of home you're purchasing in Fairbanks, Anchorage, Eagle River, Palmer, Wasilla, North Pole and the surrounding areas, you should always look into the location— but especially if the property is a fixer upper. You will also want to research the zoning requirements and limitations for the property, as some have a long list of thing that cannot be done. Check this step off of your list before you become too set on the design or renovation plan for the home as you could become disappointed if your ideas are not allowed by the specific zoning laws. 

Does a fixer upper home sound like the perfect opportunity for you? Do you want to take on projects to make the property your own? Or would a newer home suit you best? Either way, give us a call today for more information about available properties in the Fairbanks, Anchorage, Eagle River, Palmer, Wasilla, North Pole areas— we're here to help!

Wes Madden, CEO
Madden Real Estate
(907) 452-3000
Wes@WesMadden.com

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