Attached article suggest millennials avoid fixer-uppers preferring move-in ready. My experience as real estate service provider in the field every day with buyers doing home inspections & renovation loans is not the same. The perfect move-in home with all the buyer's desires is frankly rare. I wish there were some statistics on the percentage of home buyers that do some finish renovations prior to move in. It's prevalent with my clients. Many want to add their finished tastes while the property is vacant. New flooring and interior paint, scrub off the popcorn ceiling, remove dining room top the list. Savvy buyers look for worn properties to buy at a discount find a reasonable reliable contractor and utilize a renovation loan from HUD or Fannie Mae. These buyers are excited to select their finishes to enjoy for years to come. See our Before & After projects: Before & After Webpage
Link to Article: Nobody’s Buying Fixer-Uppers Anymore, But Here’s Why They Should
Will Johnson is a HUD Certified 203K Consultant since 2008. Will actively manages loans from HUD & Fannie Mae throughout San Diego & Riverside County.