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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