Follow Us: Google+
 
Bankrate.com

real estate

How to avoid buying a money pit

Don't overlook cosmetics
Next
6 of 7
Back
Don't overlook cosmetics

While contractors agree that cosmetics are often easy to fix, you should definitely take a second look if you don't like the style you see, says Laurie March, owner of Improvemental, a firm in Los Angeles specializing in home design and remodeling.

"If you don't like the basic style of a home, look somewhere else, unless you've got a big budget for a facelift and can think outside the box," March says.

According to March, buyers who downplay cosmetic differences can end up walking into a money pit even if the house is structurally sound.

So, she says, it's critical to ask two questions: Is the house true to its own style? If so, do you like that style?


 

 

advertisement

Show Bankrate's community sharing policy
            Connect with us
Compare Mortgage Rates
Zip code:
Product:



advertisement
Most Read
  1. 10 ways to turn off a homebuyer
  2. No more Social Security at 62?
  3. What TV homes cost in real life
  4. 5 frugal ways to expand living space
  5. Naughty things credit card won't buy
  6. What it takes to remodel kitchen
  7. Danny Bonaduce's house for rent
  8. Bruce Willis' house for sale
  9. 12 meanest cars for the environment
  10. Celebrity estate planning mistakes
Mortgage Overnight Averages
Product Rate +/- Last week
30 yr fixed mtg
3.98% 4.06%
15 yr fixed mtg
3.09% 3.19%
5/1 ARM
2.85% 2.83%
30 yr fixed mtg refi
3.97% 4.05%
View rates in your area:
 

Feeling lost in the mortgage wilderness?

Let Bankrate's Mortgage Analysis be your GPS. This newsletter tracks our exclusive mortgage features, rates and tools. Delivered Thursdays.
 
advertisement
The latest monthly survey shows builder confidence is soaring.
Partner Center
advertisement

Advertising Disclosure: Bankrate.com is an independent, advertising-supported comparison service. Bankrate may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website.