Home>Supplements>Home Ownership>Homebuying: Move-In Ready or Fixer-Upper?
What if you’re buying a house for the first time, but can’t decide if it should be a brand-new (turn-key) house or a charming one with good bones that needs a lot of work?
Before you decide which kind of house you want, it’s always best to do your research, which will include the pros and cons of turn-key and fixer-upper properties.
Also, don’t forget about property taxes, because depending on where you choose to buy a home, the selection can have a significant impact on the cost to remodel compared to the cost of purchasing a newly-constructed home. Consider that the cost of purchasing a brand-new home can run thousands of dollars more than an older home just in need of some tender, loving care.
Overall, whether you move into turn-key home or the worst one on the block, it’s important to recognize which project provides the best fit for the buyer and their budget, and their expectations of the home.
• Lastly, because both fixer-uppers and move-in ready homes have their own unique benefits and challenges, it will ultimately be left up to the homebuyer to go with the choice that best aligns with their budget, needs, and long-term goals for their new home.