Mastering Real Estate & Note Investing

If you think buying a fixer-upper house is going to save you money, think again, one survey says.

Porch.com recently published a survey on turnkey homes versus fixer-uppers and found that even when fixer-upper homeowners stay within their budget, they end up spending about as much as homeowners who purchased a move-in ready house, on average.

On average, people who purchased a move-in ready home spent about $250,496, while fixer-upper buyers within their budget ended up spending about $246,891 in total.

Meanwhile, fixer-upper homebuyers who went over budget actually spent approximately $25,000 more than turnkey homebuyers, the survey found. Their total spending ended up being about $275,741.

READ MORE:  https://www.foxbusiness.com/personal-finance/fixer-upper-move-in-ready-hxome-spending

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