How do I decide whether a fixer is worth it?

A fixer is worth it only if the numbers, location, and repair scope all make sense. The price has to leave room for the work and the risk.

What should I estimate first?
Repair cost, timeline, financing, and how much you will need to hold back for surprises.

What is the biggest mistake buyers make?
Underestimating cost and overestimating their ability to manage the project.

Should I focus on location?
Yes. A good location can justify more work than a weak one.

What if I cannot assess repairs well?
Bring in contractors or specialists before you commit.

When should I pass?
When the work is too big, too uncertain, or too expensive for the likely payoff.