Buying a run-down property can be a great way to secure a below-market-value home or a profitable investment. Whether you're looking for a fixer-upper to renovate and live in, a buy-to-let opportunity, or a property to flip for a profit, understanding the risks, costs, and potential rewards is crucial.
✅ Lower Purchase Price – These properties are often priced well below market value.
✅ Potential for High Returns – Renovating can significantly increase resale or rental value.
✅ Less Competition – Many buyers avoid properties needing work, giving you better chances to secure a deal.
✅ Customisation – Renovate and design the property to your taste or investment needs.
