If the home is safe, buying a house that's been repaired after a fire can save you a lot of money. You have a higher return on investment for fire-damaged homes because they're often undervalued. But if the home has not yet been repaired after a fire, the repairs may be less expensive than estimated. In general, it is not bad to purchase a fire-damaged home after it’s been repaired. You can hire an inspector and a fire damage repair company to go out to the home and make sure everything is okay prior to purchasing. They will let you know the condition of the house.