Tips on Buying a Fixer Upper
There are many people that are opting to purchase a home that, in it’s current state, would make Bob Vila cry.
For starters, fixer uppers could be purchased for a price so low it’ll make you giddy, while other benefits include being able to create a uniquely designed home suited to your own taste and potentially making a handsome profit if/when it comes time to resell.
Before you start scouring around for the perfect fixer upper, here are a few things to keep in mind.
Do-It-Yourself
The ideal fixer upper is the one that has mostly cosmetic issues. Remodeling tv shows everywhere make us think that turning a home from a dilapidated mess into a space befitting a king is as easy as building a LEGO set, but, in reality one should be honest about what they can actually do themselves. In the end, a bad DIY job could become a serious financial, physical and emotional burden.
NEW YORK, Oct. 04, 2023 (GLOBE NEWSWIRE) — OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced Sandoz Group AG (SIX Swiss Exchange: SDZ; OTCQX: SDZNY, SDZXF), a global leader in generic pharmaceuticals and biosimilars, has qualified to trade on the OTCQX® Best Market. Sandoz is a spin-off of Novartis (NYSE: NVS).
Sandoz Group AG begins trading today on OTCQX under the symbols “SDZNY, SDZXF.” U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.
Trading on the OTCQX Market offers companies efficient, cost-effective access to the U.S. capital markets. For companies listed on a qualified international exchange, streamlined market standards enable them to utilize their home market reporting to make their information available in the U.S. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws.
Sandoz CEO Richard Saynor says: “As an independent company, Sandoz will be fully enabled to deliver on its purpose-driven strategy, which targets sustainable leadership in the growing and critical generics and biosimilars industry. We already actively pioneer access for patients by shaping the global healthcare environment. And we intend to make an even greater impact going forward.”
J.P. Morgan acted as the company’s OTCQX sponsor.
About Sandoz
Sandoz (SIX: SDZ; OTCQX: SDZNY, SDZXF) is the global leader in generic and biosimilar medicines, with a growth strategy driven by its Purpose: pioneering access for patients. 22,000 people of more than 100 nationalities work together to bring Sandoz medicines to some 500 million patients worldwide, generating substantial global healthcare savings and an even larger total social impact. Its leading portfolio of more than 1500 products addresses diseases from the common cold to cancer. Headquartered in Basel, Switzerland, Sandoz traces its heritage back to the year 1886. Its history of breakthroughs includes Calcium Sandoz in 1929, the world’s first oral penicillin in 1951, and the first biosimilar in 2006. In 2022, Sandoz achieved sales of USD 9.1 billion and core EBITDA of USD 1.9 billion.
About OTC Markets Group Inc.
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Inspection
Before you buy, have a certified and experienced home inspector evaluate the property. You want to avoid getting yourself into a money pit so deep, you’ll forget what daylight looks like. There are many different types of inspections and professionals to help you create an accurate assessment of the property you’re eyeing.
Cost
When you are ready to put an offer on the fixer upper property of your dreams, you should consider the fair market value less any upgrade/repair costs. Consider if you can negotiate on the purchase price. Some buyers are eager to sell and will possibly be flexible.