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Ask a Pro

Ask a Pro Q&A: Purchasing a Fixer Upper vs. Move-in Ready

Welcome to another installment of Ask a Pro! Today’s pro is Karlton Utter, Director of Learning at Better Homes and Gardens® Real Estate. Let’s see what he has to say about purchasing a fixer upper!


Q: I am looking to purchase a fixer up. What do I need to know before I purchase?

-Tyra R.

A: There are many pros and cons to purchasing a fixer upper versus a home that is move-in ready. When you purchase a fixer upper, you are more likely able to get better pricing because the list price takes into consideration the fact that the home needs work. A fixer upper allows a buyer with imagination and vision to personalize a home with their own touches. The disadvantages of purchasing a fixer upper are that your financing options are going to be more limited and that you can expect a delay after moving into your new home after closing.

-Karlton U.