Dave And Jenny Marrs' Hard Rule For Buying Homes To Remodel

Right now, purchasing a home is an expensive venture that includes high sale prices and mortgage rates. If you're lucky enough to outbid the competition, you'll end up being the proud new owner of a residence. However, if you plan on renovating this property, there are certain responsibilities you should be aware of to ensure you have a profitable project rather than a costly one. For example, many people tend to underestimate renovation costs and set their budget too low, only to realize later they'll need thousands of more dollars to properly complete their remodel.

To that end, Dave and Jenny Marrs, host of "Fixer to Fabulous," have revealed the home purchasing rules they follow to help make your process a lot smoother. The contractor and interior designer duo have worked together in the past to bring older homes back to life. To do this, they've had to set appropriate budgets, negotiate with contractors, and find the perfect materials to create beautiful designs. Now, they'll explain what to put your money towards when buying homes to remodel.