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  • Writer's picturemhpaugusta

The Pros and Cons of Buying a Fixer-Upper vs a Move-in Ready Home

When it comes to buying a home, there are generally two main options to consider: a

fixer-upper or a move-in ready home. Each option has its own set of pros and cons that

should be carefully weighed before making a decision.

A fixer-upper is a property that requires some level of renovation or remodeling before it

can be considered livable. These homes are often priced lower than move-in ready

homes, making them a popular choice for first-time homebuyers and those on a budget.

The main advantage of buying a fixer-upper is the potential to save money and build

equity in the home. By investing in renovations, homeowners can increase the value of

the property and potentially sell it for a profit in the future.

However, there are also several disadvantages to buying a fixer-upper. One of the

biggest challenges is the fact that these homes are often in a state of disrepair and may

require significant work before they are livable. This can be both time-consuming and

costly, and many homeowners may not have the necessary skills or resources to take

on the renovation project. Additionally, there may be hidden issues with the property,

such as structural damage or mold, that are not immediately apparent and can add

unexpected costs to the renovation budget.

On the other hand, a move-in ready home is a property that is in good condition and

requires no major repairs or renovations. These homes are often priced higher than

fixer-uppers, but the main advantage is that they are ready to be lived in from the

moment of purchase. This eliminates the need for time-consuming and costly

renovations, and allows homeowners to move in and start enjoying their new home right


However, there are also some disadvantages to buying a move-in ready home. One of

the biggest is the cost. Move-in ready homes are often priced higher than fixer-uppers,

which can make them less affordable for some buyers. Additionally, homeowners may

not have the opportunity to personalize their home to their specific tastes and needs.

In conclusion, when it comes to buying a home, whether a fixer-upper or a move-in

ready home, it is important to carefully weigh the pros and cons. Fixer-uppers can be a

great option for those on a budget and looking to build equity, but they also come with

the added challenges of repairs and renovations. Move-in ready homes offer the

convenience of being able to move in right away, but they also come at a higher price

point. Ultimately, it comes down to personal preferences, budget and lifestyle. It is

important to consult a realtor, inspector and a contractor to have a better understanding

of the costs and potential in a fixer-upper home and make an informed decision.

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