How to avoid buying a money pit
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?