When I first moved to Canada from England in 1980 my wife and I brought our first home on the outskirts of the city. I didn't have a job so we decided to buy a fixer-upper that we could flip later and make all kinds of money! It seemed like such a good idea at the time, after all, I knew how to paint and I had laid a carpet once. It wasn't long before I realized renovating a fixer-upper was much more than paint and carpets. Being from England, I knew nothing about leaky basements, raccoons in the attic and -30.c. Through trial and error we managed to overcome all of these obstacles and we put the house on the market 6 months later, but then, we were faced with around 21% interest rates. We eventually sold the house breaking even and brought another.
The moral of this story, not that everything should have a moral of course, is this, Real Estate is the best investment you can make but the market can be fickle. There is a right time to buy and flip property and a wrong time. Good money can be made buy flipping property but you have to know what you're getting yourself into. Ask yourself "am a buying a house or a home"? Whatever it is remember, selling a home that's loved and cared for is far easier than selling a house. You've worked hard to get your piece of this land, now enjoy it and get the most out of your home.