Nobody wants a fixer upper anymore, and that’s why you should consider one
For a decade, one hyphenated word seemed to reign supreme in real estate: fixer-upper. Thanks to a post-recession market filled with homebuyers who wanted to stretch their down payments—and design shows that glamorized the sweat equity of “demo day”—purchasing a fixer-upper became a commonplace right of passage. But according to a new analysis by Zillow, the popularity of fixer-uppers might be dwindling.
According to an article published by Domino.com, Zillow found that buyers are willing to pay nearly four percent more than expected for a home that is already remodeled—or an additional $13,194 on an ordinary American property. Furthermore, remodeled listings get 26 percent more saves on a daily basis and are shared 30 percent more often between home-hunting partners than similar properties that need work. Amanda Pendleton, Zillow’s home trends expert, has a theory for why some buyers may be less enthusiastic about sledgehammers these days.
“Buyers who are already stretching their budget to afford a home in today’s market may not be willing or able to spend more on renovations or repairs,” she says in the report. “A remodeled home may come with a higher price tag, but a buyer would get to spread that additional cost over the course of a 30-year mortgage versus paying cash upfront to make similar upgrades themselves.”
While it’s nice for someone else to have replaced the water heater or patched a few holes in the roof before you arrived, remodels tend to lack the one thing you want when purchasing a fixer upper: personality.
If you remodel your home, you can make it your own, ad your own touches according to your taste, as as Domino.com writes, these are three benefits of a fixer upper, that you don’t get with an already updated home.
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You Decide What to Keep of the Past
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You Pick Which Views to Prioritize
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You Can Impress Your Neighbors
A fixer-upper isn’t just a cost-saving choice—it’s a chance to create a home that reflects your style. Unlike move-in-ready homes, you control the updates, preserving charm while adding modern touches. With the right vision, you can transform potential into the perfect place to call home.