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Buyers want remodeled homes, but they don’t want to do the remodeling

Despite rising home prices and concerns about housing affordability, buyers are still willing to pay more for renovated homes. Fixer-uppers are selling for the largest discount in years.

A Southwest Philadelphia homeowner had to fix this large crack in the fixer-upper she bought in 2022. A new Zillow report found that, nationally, a home labeled a “fixer-upper” sells for 7% less than a similar home — the largest discount in three years.
A Southwest Philadelphia homeowner had to fix this large crack in the fixer-upper she bought in 2022. A new Zillow report found that, nationally, a home labeled a “fixer-upper” sells for 7% less than a similar home — the largest discount in three years.Read moreErin Blewett