Would you spend an extra $13K to skip renovations? Or would you rather save money and take on a fixer-upper?
Recent data shows that buyers are willing to pay nearly 4% more for a home that's already remodeled—adding up to an extra $13,194 on a typical U.S. home.
And it’s not just about price—move-in-ready homes are getting 26% more daily saves and 30% more daily shares on Zillow. Buyers are actively hunting for turnkey properties, which means more competition.
On the flip side, fixer-uppers are selling for about 7.3% less than similar homes—the biggest discount in three years!
Why? The pandemic ignited a renovation boom, leading to more remodeled homes hitting the market. And today’s buyers would rather pay more for a move-in-ready home than deal with the headaches, delays, and rising costs of renovations.
If you’re selling, smart renovations could boost your home’s value. And if you’re buying, fixer-uppers could be your best shot at a deal right now.