What Are the Pros and Cons of Buying a Fixer Upper?

Posted on: May 18, 2018 | by: Lighthouse Self Storage October 29, 2019

A man renovates his fixer upper home

If you’ve decided you want to buy a home, you’re most likely scouring the market for the perfect option for you. This problem can complicate when you weigh in the option of buying a fixer upper home to renovate. Many people who buy a fixer upper either plan to flip it for a profit or plan on living in it.

Should I buy a Fixer Upper or Move in Ready Home?

A fixer upper can save you money, but that’s not always the case. And is it really the option for you? Keep reading to learn the pros and cons of buying a fixer upper.

The Pros of Buying a Fixer Upper

  1. You can save money: You can buy a fixer upper home for not a lot of money. And depending on how much work the home needs, you can end up making a pretty decent profit on it. When buying a fixer upper, it is important to honestly evaluate exactly how much work will need to be done. Have an inspector come through your home and look for potential hazards.
  2. You can make it your own home: Renovating a fixer upper allows you to put personal touches on your home. Did you want an extra downstairs bathroom? Or a large walk in closet? When you buy a fixer upper to renovate, these changes are more than possible.

The Cons of Buy a Fixer Upper

  1. It’s a gamble: While an inspector can do a walk-through of your home to determine what potential hazards they see, that doesn’t mean others won’t pop up. When buying a home that needs work, you may end up with a home that needs a lot of work. Even when you plan out all of the foreseen renovations, it is more than possible that others will pop up.
  2. You may end up stuck with it: The housing market can be a roller coaster. And if an unforeseen circumstance arises where you lose your job or need to get rid of the house as quickly as possible, you may not be able to do so. Or if the housing market is done, you may end up taking a loss for it.

Lighthouse Self Storage Has Renovation Storage Options

When renovating a fixer upper, people oftentimes will end up living in it during the renovations. While this really saves on costs, it creates the problem of finding a location to store their belongings during this time. A self storage unit can help to get these items out of the home, and in a secure location ready for you when your renovations are completed.

Lighthouse Self Storage has storage facilities with household storage units in California and Florida, including Carson, CA, Fort Lauderdale, FL, Westminster, CA and West Palm Beach FL. Our 5×5 and 5×10 storage unit are ideal for the storage of smaller items, while the 10×10 storage unit can offer your full-house storage solution.

Contact us to rent a storage unit today!

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Convenient Storage Solutions for California and Florida Residents

Lighthouse Self Storage makes self storage easy with clean & secure storage facilities in Florida and Southern California. Find a location near you today!

Recent surveys show that 41% of consumers rent out space to facilitate moving, while 17% need the extra space to declutter their home. Self-storage units are becoming more and more popular nowadays, considering the need to maximize on the reduced size of living spaces. If you live in California or Florida and are looking for the most convenient and flexible self-storage space, Lighthouse Self Storage has got you covered. Lighthouse Self Storage Facilities has a wide range of world-class storage units that are built to meet your specific needs. Below are some of the exceptional self-storage solutions you can expect:

Self-Storage for Homeowners and Students

If you are moving, staging a home or consolidating homes, our excellent, clean, and secure units will come in handy for your storage needs. If you are a student emptying your dorm, Lighthouse offers many storage solutions for your needs and items large and small. Our storage units will keep your furniture, books, bedding, clothing, electronics, and furniture safe and secure. Why haul heavy items back and forth, miles across the country when you can rent storage whenever you need it? We are convenient and flexible to meet your needs.

Car, Boat, and RV Storage

If you are traveling, you need not leave your precious vehicle, boat, or RV at the mercy of the elements. If your garage will not fit all your toys, consider taking out some spacious motor vehicle storage at Lighthouse Self Storage for them. This way, they will remain secure and intact, and you get to have peace of mind during your trip.

Climate Controlled Storage Units

Lighthouse Self Storage has an excellent selection of climate controlled units, specially made indoor units designed to protect your property from the damaging effects of drastic changes in weather, humidity, and temperature. We offer air conditioned or heated units to keep constant indoor conditions for all of your items and their storage needs. These climate controlled units are perfect for items that need to be in a controlled environment, such as wines and spirits. If you are storing fabrics, wooden items, electronics, family heirlooms, documents, and soft metallic items, our climate controlled storage units offer a home-like atmosphere for temperature sensitive and unique articles.

Drive-up Storage

This kind of storage is exceedingly convenient for businesses and homeowners looking to store copious amounts of property, and need to reduce the hauling distance and effort. With our drive-up storage, you will not have to incur extra costs on movers' hourly fees by taking days to transfer your items. You get to drive up to your unit, unpack or belongings, and continue on with your day. It’s that simple.

Business Storage Solutions

You no longer have to worry about extra space, rent overheads, or idle property during off-peak business seasons. Whether you need to store machinery, essential documents, or inventory, our business storage solutions will cater to all of your needs. We have worked successfully with many law firms, e-commerce stores, and contractors to keep their essential business property safe. Visit us today to find out more about our business storage solutions.

Hurricane Season Storage

The last thing you should be stressing about is your valuable outdoor property, which is likely to be destroyed in the event of a storm. You may also need to clear out a safe room to use it for shelter. If you have any lawn and patio furniture, consider taking out safe storage for it with Lighthouse. Our concrete self-storage units will give your valuables the safety and security they will need to protect them from damage. Our storage units can also come in handy during the winter when you need to protect your valuables from the biting cold.

Rent storage space with us today!

If you are in Southern California or Florida, Lighthouse Storage is an excellent solution for all your self-storage needs. Our storage units are secure, well-lit, and clean to ensure optimal care for your valuables.

Please contact us at (866) 483-3455 for more information about our new facility for self storage in Cooper City. You can also drop by any of our storage facilities to get a free quote on any storage solution that fits your needs.

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