The Real Deal Miami

Corcoran weighs in on fixer-uppers

August 05, 2010 03:45PM

While investing in a fixer-upper home can seem like a golden opportunity, Barbara Corcoran, founder of the Corcoran Group, said that the wrong pick can be fraught with pitfalls. In order to avoid “money pits,” and find a true diamond in the rough, Corcoran says in this Today show video that you should be wary of water damage, termites and other home fixes that require extensive repair. Meanwhile, cosmetic changes, like remodeling parts of the home, can be an inexpensive project. “Kitchen is the easiest fix in the house,” Corcoran said, adding that outdoor landscaping is a fast fix, as well. “It’s really a hidden gem.. you put in a little bit of money on landscaping, you get it back in spades.”