So, you’ve decided to rehab, “old fixer upper houses for sale near me.”
Well, the good thing is that if you are a Cook County, IL resident you have thousands of handyman specials for sale near you, especially when considering southside and westside neighborhoods such as Chatham, Grand Crossing, Hyde Park, Gresham, and more.
So, when you head into URB Chicago and say, “I’d love to find old fixer upper houses for sale near me,” do you know the repairs and fixes to expect? URB Chicago has assembled a small list of popular repairs common to contractors, tradesmen, and companies flipping houses for profit in the Chicago Area.
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List of popular repairs when shopping for old fixer upper houses for sale near me
HVAC repairs: HVAC repairs include the electrical and piping assemblies of the system. Piping components are generally simple enough for the average person to replace on their own with little experience. However, if you want to ensure the system is assembled correctly it is helpful to seek a professional which over time can save you more money while reducing potential for error.
Cost: Repairing a furnace or AC averages about $500 in Chicago homes for sale. Installing an AC unit and furnace can cost around $4000. Installing ducts and vents averages about $1200.
Water Heater repairs: Chicago Area residents probably know what it is like to wake up to a freezing shower or burst water pipes in the winter. Chicago has extreme winters and it is important to ensure the water heater and piping are robust. Most water heaters have a life span of 10-15 years, however when looking for old fixer upper houses for sale near me there is a good chance you should look at the water heater.
Cost: The average cost to repair a water heater in Chicago is $600. Installing a water heater averages about $1000, and the average cost to install a tankless water heater is $2000.
Electrical repairs: Electrical repairs will be about the most dangerous task in rehabbing your house. That is why it is so important to contact a professional electrician when doing anything with or around electricity. Electrical repair includes issues with lighting fixtures, electrical panels, generators, wiring and switches, outlets, fans, and smart home systems.
Cost: The average cost of electrical repairs and replacements in a Chicago home for sale is $500-$3000.
Asbestos removal: Few homes built after 1970 will have asbestos. However, Chicago homes for sale were often built between 1870 and 1960. That means there is a good chance that your fixer upper will have asbestos of some kind, even if an attempt has been made to mitigate it in the past. Because asbestos doesn’t have any definitive signs it is important to hire an inspector to check your house.
Cost: For a home with asbestos, a n inspection and removal averages about $2200 in Chicago.
When you decide to shop for old fixer upper houses for sale near me, it is important to consider both the major and minor repairs when flipping a house for profit, investing in 2, 3, and 4 flats for sale, and rehabbing a single-family home for yourself.
URB Chicago is committed to Chicago’s urban renewal and our English and Spanish speaking real estate experts in Chicago are knowledgeable on fixer uppers and real estate that needs repairs that you are looking for.
Contact us today and speak with one of our friendly and expert real estate professionals.