Purchasing a fixer-upper is a popular route for first-time buyers who want to get a foot in the property market. Once you’re in, it becomes easier to upgrade in the future, as property typically appreciates over time. This means that even a modest starter home can become the key to affording a better property down the line.

However, before signing an offer to purchase, it’s essential to have a clear understanding of what it will cost to transform a fixer-upper into a comfortable, livable home.

“Buying a fixer-upper can be a fantastic opportunity, but buyers must go in with their eyes wide open,” says MJ Dafel, CEO of Property.CoZa South Africa. “It’s crucial to inspect the property thoroughly and ensure you’re aware of all the costs—both big and small—that come with renovations and repairs.”

To assist aspiring homeowners, especially first-time buyers, here’s a practical checklist to guide your inspection before buying a fixer-upper:

1. Structural Integrity

• Inspect for cracks in foundations, ceilings, and walls.
• Look out for sloping or uneven floors.
• Examine the roof for broken tiles, leaks, or signs of water ingress.

2. Leaks and Water Damage

• Check all windows and doors for gaps, damaged frames, or poor sealing.
• Look for water stains or mold on ceilings, in bathrooms, kitchens, or around gutters and downpipes.
• Investigate basements or unused areas for signs of moisture or mildew.

3. Plumbing

• Inspect the geyser for age, leaks, and rust—most geysers last around a decade.
• Run taps and flush toilets to check for adequate water pressure and functionality.
• Remember, plumbing certificates don’t usually cover pressure testing, so check this yourself.

4. Electrical Systems

• Test all light switches and power outlets.
• Check the distribution board (DB board) for any visible damage or outdated components.
• Look for any exposed wiring or overloaded extension cords—these are safety hazards.

5. Renovation Considerations

• Identify load-bearing walls before planning layout changes—they can’t be removed without costly structural support.
• Get a rough idea of the cost of kitchen and bathroom remodels—think cupboards, tiles, taps, and countertops.
• Price materials and labour for repainting, flooring, window replacement, and any exterior work.

The Advantages of Buying a Fixer-Upper

Despite the risks and potential costs, fixer-uppers offer several undeniable benefits:

1. Affordability
   Fixer-upper homes are typically priced lower than move-in-ready homes. Sellers often understand that their properties need work and adjust their asking price accordingly. This makes them attractive to first-time buyers or investors looking for bargains.

2. Creative Freedom
   A fixer-upper is a blank canvas. You can shape your home to suit your tastes—whether that’s updating the kitchen, choosing bold wall colours, or creating multi-purpose spaces. It’s your chance to truly make a space your own.

3. Potential Profit Through Flipping
   With the right renovations, a fixer-upper can be resold at a profit—a process known as “flipping.” This strategy has become increasingly popular in South Africa, particularly in growing towns and cities where demand for quality housing is rising.

Buying a fixer-upper is not just a home purchase—it’s a project. It takes patience, planning, and a realistic budget. But with the right support from a knowledgeable real estate agent and a solid renovation plan, a fixer-upper can be a rewarding investment both financially and personally.

Looking for fixer-upper opportunities in your area?
Connect with a Property.CoZa Property Professional today to find hidden gems with serious potential.