
Buying a fixer-upper in Washington, DC is a great way to save money and have renovations done yourself, the way you want them done. When flippers purchase a home and renovate it, they are often profiting $200,000-$300,000 when they sell the property in the current DC real estate economy. Cutting out the middle man could lead to a great amount of savings for a home buyer. One neighborhood in the District that offers a number of fixer-uppers is Petworth. More and more of these properties are being snatched up by developers and renovated for a large profit. Petworth is a neighborhood on the rise in the last few years, and it offers bargains compared to nearby neighborhoods Columbia Heights, U Street Corridor, and Shaw. Much of the real estate in this area…