Should you spend less money buying a repaired home or more money buying a repaired home? That is the question. While there are no simple answers to those questions, here are some tips to consider when making your choice:

1. Do the math.

One of the keys to determining whether or not to buy a “top repairman” is determining the cost to repair it. Get a professional appraiser to handle the task, to get an accurate appraisal. The cost of fixing the house will vary, depending on the current condition of the house. After the appraisal, you will have some hard facts to make an informed decision about whether to fix the house or make it someone else’s headache.

2. Choose houses that need minimal repairs.

Repairing a home doesn’t have to require a complete overhaul. It is advisable to look for houses that need a new coat of paint (interior or exterior), new carpets, some basic plumbing, etc. On the other hand, if a home is in need of major repairs, make sure it has a minimum price and fits into your long-term home plans.

3. Consider how much time and effort you have.

The amount of repair work that a repairman needs can vary significantly. So in addition to determining how much work is needed, consider how much time and effort you are willing to put in. If you need a habitable home sooner then it might be a bad option. If you don’t have the energy to do the necessary home repairs, you should probably buy a new one.

4. Know the trend of housing in the area.

Fixing a house in a good location is one thing. Fixing a house in a bad location is not such a good idea. So before deciding whether or not you should buy a particular repair home, determine whether the home’s value would generally go up or down afterward. If the latter were to happen, then you might decide that the funds needed to repair the house would not be worth it. On the other hand, if houses in the neighborhood are generally appreciating in value, then it could be money well spent.

5. Consider your long-term housing plans.

Do you want to live in your next home for years or decades? Fixing a home can be a long and difficult process. The time, effort, and money required may be too much if you don’t plan to live in a particular home for several years. On the other hand, the investment could be worth it if the repairs required by a top repairman are basic.

6. Get comprehensive and multiple assessments.

This is crucial when considering whether or not to buy a superior repairman. Consider getting at least three appraisals and then calculating the average of them. In addition to getting multiple appraisals, you should always get thorough appraisals that include roof, floor, etc. When comparing appraisals, be sure to compare apples to apples.

Is buying a top repairman the right option for you? The tips above will help you make the best decision.