In the current housing market, purchasing a fixer-upper can be a viable pathway to homeownership for those willing to invest time and effort. These homes typically require renovations, which may range from cosmetic changes to significant repairs, yet they are often priced about 29% lower than ready-to-move-in options. Additionally, buyers will face less competition and have opportunities to enhance property value through personalized renovations, ultimately benefiting from a quicker equity build up.
If you're a house hunter who's not afraid of sweat equity, buying a fixer-upper could be your ticket to homeownership.
Fixer-uppers usually have a lower price point, making them a solid choice for those struggling to find homes within their budget.
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