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Realistically, the majority of fixer-uppers are in complete disrepair, meaning that it will cost you more to “fix it up” than to purchase a home in move-in condition, especially in 2009. However, if you're serious about buying a sound fixer-upper, here are a few tips to help.  1. Look in neighborhoods with resale potential (A SourceOne expert can pull the data if you need it)    2. Try to find a home that has been listed for sale for a year or more   3. Always estimate your fix up costs before buying   4. Avoid homes requiring structural improvements  5. Avoid major additions, such as adding a family room or bedroom     The industry standard rule of thumb is to buy a fixer-upper for at least 20 to 30 percent below its “fixed-up” market value. It’s important to avoid both under-improving and over-improving a fixer-upper; in either situation you will not realize a good return on your investment. If you’d like some help in finding fixer-upper property, call us any time. 800-498-0967  info@SourceOneRealty.com