Just think: You can snag a rundown place in a good neighborhood for way below market price, invest some time and money renovating it, and end up with a like-new house that's worth at least twice what you paid for it. Sounds good, right? Often, it is. But buying a fixer-upper can be fraught with peril.

 

 

Buying your first home is a very exciting endevor. Among the many decisions you'll have to make is whether you will buy a house that's move in ready or one that needs a little work. Many people opt for fixer-uppers because of the lower cost but they can end up costing  you more in the long run. Here are some things to consider when making [...]