Shutterstock Buying a home that needs extensive remodeling can fetch a handsome discount, but it depends a lot on where you're looking to buy. In much of America the discount won't make up for significant renovation costs. The average fixer-upper in the US only nets a decrease of 7.6% from the median list price, which works out to just $11,000 in cash savings, according to analysis from real estate marketing firm Zillow. But in some cities, homes needing work offer savings of two to three ...
The 10 cities in the US where buying a fixer-upper will save you the most money
Business Insider - 11 Sep 2016 17:00
Shutterstock Buying a home that needs extensive remodeling can fetch a handsome discount, but it depends a lot on where you're looking to buy. In much of America the discount won't make up for significant renovation costs. The average fixer-upper in the US only nets a decrease of 7.6% from the median list price, which works out to just $11,000 in cash savings, according to analysis from real estate marketing firm Zillow. But in some cities, homes needing work offer savings of two to three ...
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