Real Estate Term of the Day: Handyman’s Special

Real Estate Term of the Day: Handyman’s Special

HANDYMAN’S SPECIAL – in real estate classified advertising, generally refers to a house that requires extensive repair and remodeling, selling at a relatively low price (Barron’s Dictionary of Real Estate Terms) 

Here are a few pros and cons of purchasing a handyman’s special home.

PRO

  • Lower price
  • Customization
  • Sweat equity

CON

  • Underestimated costs
  • Hidden defects
  • Finding the time and money