3 Reasons to Buy a Fixer Upper & HGTV The Crap Outta It
Once upon a time we decided to get so serious about paying off all of our debt that we put our house on the market. You can read that story here. Well, guess what… our house sold in 24 hours.
And just like that it got real.
The weeks leading up to putting our house on the market were crazy intense & definitely not for the faint of heart. There was one week where my husband and I stayed up until 4am or later every-single-night for a week straight trying to wrap up alllll of the projects. Why is it that we put off all of the little things that make our house our home until it is time to move? Why couldn’t we have done these things years ago? By the time our house went on the market I wasn’t so sure that I wanted to move anymore. My house was finally how I wanted, and envisioned, it to be. Here are some before and after photos…
Can I just take a second to totally brag on my husband? Oh wait, there is more…
I mean, come on.
So why am I being vulnerable and sharing our debt free journey with you? Because if we can do this, you can do it, too. Yeah, you. This whole process of flipping our house & now selling it has really given me an odd love and appreciation for fixer upper homes. Literally never thought I would say that. Now when I am scouring the MLS [daily] looking for our next potential home I can’t help but to stop and look at the ones that need some TLC. Okay, so if it is this much and we do this & that to it and turn around and sell it for this, we walk away with this much in our pockets! Why do I do this? Because to me paying off debt is addicting. Hi, my name is Jess and I’m addicted to financial freedom. I’m totally in the sell-all-of-the-things-including-our-house mode right now because I am just so sick and tired of working to pay off our debt. And I know that we aren’t alone. If you find yourself where we are standing and you just can’t seem to figure out a way to pay off all of the bad decisions from your 20’s [and even 30’s] a fixer upper may just be your ticket to being debt free! Here are my top three reasons why I think you should seriously consider getting a fixer upper and HGTV’ing the crap out of it.
- A huge challenge, My husband is not a home improvement guy by day (although I think he should be!). Everything he did to the house he either learned himself or was taught by family. Take it one project at a time. My husband started flipping our house when he bought it 9 years ago. Rome wasn’t built in a day, and an entire house cannot be flipped in a day. Challenge yourself and do one project at a time. You’ll learn a thing or two along the way and end up with more skills than when you started. Think of it as a creative process. You will find out what kinds of things you like and what you don’t like. Not only that, but you will have a huge sense of accomplishment when you are done!
- Smaller mortgage = less stress. This one is a no brainer, but the cheaper you can buy the house the cheaper your mortgage will be. When you are strapped financially the last thing you want is the added stress of a mortgage that is too much. Even if it is just a little to much that usually manifests itself in the form of a lot more stress on you, your marriage, and your family. It just isn’t worth it. A fixer upper will usually be a lot nicer on your bank account than going for the house that is a stretch. And remember, are you trying to impress all of your friends or are you trying to have financial freedom and the ability to live a little more? I’m going to guess you are in the same boat as us where you aren’t trying to impress anyone but what you really want is the freedom to do whatever you want. And pay for it in cash. Think about it.
- Profit, profit, profit! This part is not going to come overnight (unless you are a pro at flipping houses and have a ton of money at your finger tips) but if you are willing to put in a little elbow grease and give it a little time you are going to reap the benefits of one huge f’ing profit. Like, you guys. For real. To have the ability to pay off all of our credit cards, car loans, medical bills, some student loans, and still be able to set aside at least 20% for our next home is freaking huge. There is no way that we could do that if my husband didn’t buy a house at a really great price and turn around and flip it. You didn’t accumulate all of your debt overnight, and you can’t get out of it overnight, either. But just give it a little time, set realistic goals, and you will not be sorry. I promise.
HGTV’ing the crap out of your house doesn’t need to be expensive! Trust me. We pretty much got 75% of everything we did to our house from Craigslist and I’m not even kidding. The white trim for the kitchen? Free on Craigslist. The light above the sink? $5 on Facebook Marketplace. The dining room light? Craigslist. All of our brand new [beautiful] appliances [that I miss so much already]? We bought all of them slowly and they were all either an open box at Best Buy or, you guessed it, Craigslist finds. When we were just starting to get serious about selling our house and got an opinion from the first realtor he told us to “put 12 grand into the bathroom” and then we could put it on the market. My husband and I laughed because we knew that we could re-do the bathroom for much cheaper than that. And we did. Sure we could have gone out and bought a new vanity and light fixture [I may or may not have been in favor of this] but we ended up painting the old vanity and while it took a lot more time – it saved us that much more in our pocketbook.
Are you tired of feeling like all you ever do is work to pay your debt? Are you in the market to buy a house soon? Take a chance on a fixer upper and stretch yourself, work hard, have a little patience and I promise you that soon enough you will be on your way to a huge profit and just that much closer to financial freedom.