lump sum

If home improvement is your passion, you may feel tempted to snap up “the worst house in the best street” at a bargain basement price and fix it up yourself. While you could “flip” a fixer-upper house to sell at an auction, you could also transform it into an investment property to rent out, or a home you’d be happy to live in.

But there’s more to fixing up a fixer upper than what you see on renovation TV shows. Before you roll up your sleeves, you may want to consider some of the potential pros and cons, as well