Can You Afford To Buy A Fixer-upper Home? - Yahoo News

Know that anything can go wrong. Problems can crop up with a new house, too, but it's still worth remembering in case you're risk-averse. When you're buying a home that needs fixing, whether immediately or in the years to come, you could find yourself in a fix -- no matter what you do. "We did everything right," says Laura Hedgecock, a Detroit resident and author of "Memories of Me: A Complete Guide to Telling and Sharing the Stories of Your Life." She has a particularly unpleasant memory regarding the additions she and her husband put on the house they bought in 1993. The home was built in 1955, so they knew from the beginning that there would be add-ons in its future. Whole article at http://news.yahoo.com/afford-buy-fixer-upper-home-140215150.html