The real estate market in Detroit has fluctuated quite a bit over the past few years, with changes in prices, inventory, and more. There are plenty of opportunities for anyone looking to buy a home in the metro area, but if you’re looking for a fixer upper, you might be able to find a great deal on a property. While your initial investment may be low, you can put lots of money into the property and flip it for a substantial profit.
At EZ Storage®, we can help you find a suitable self-storage unit while you fix up your new property. Storage space will likely be limited while you work on the house, and we can keep your belongings safe and sound until you’re ready to move them.
Choosing a Fixer Upper
While you might have plenty of options when it comes to fixer uppers, you want to be sure to choose one that fits your needs. There’s a difference between cosmetic upgrades and a major remodel, and you want to find a house that has “good bones.” This means that the walls and floors are sound, and that there are no structural issues with the house. You might have to take everything down to the studs in order to flip the house, but you can save quite a bit of time and money if you don’t have to replace walls, floors, and roof joists.
Budgeting for Your Remodel
The price tag on a fixer upper might be low, but that doesn’t mean the remodel is going to be low as well. It’s important to set a budget for any renovations you plan to do to the house, even if they’re just rough figures on a piece of paper. From updating the kitchen to replacing the exterior paint or siding, home remodeling projects can add up quickly. If you have a good idea of what you’re willing and able to spend on your remodel, you can avoid any unwanted surprises as you get started on each project.
Storing Your Belongings
If your plan is to gut the house completely, then you might not be able to live in the space while you work on it. You may not have running water or electricity for weeks at a time, and while “roughing it” and saving money can seem fun, you might not think so after a week with no shower. You could rent a small house or apartment nearby and place most, or all, of your belongings in storage while you work on the fixer upper. This will keep your things safe until you’re ready to move them into the house once the remodel is complete. We offer monthly lease options on all of our units, meaning you only have to rent for the time you need.
Find the House for You
There are countless possibilities when it comes to fixing up an old home. You might have grand visions of what you want to do with a property, and all you need to do is find the right house. At EZ Storage® in Detroit, we’re here to help you by offering convenient and affordable storage options for as long as you need. If you have furniture, appliances, or anything else you want to put into self-storage while you work on your fixer upper, please visit one of our metro-area locations today.
We look forward to seeing you soon!