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
