It’s easy to fall in love with the idea of a fixer-upper:
“I’ll buy a cheap home, renovate it, and create my dream space!”
TV shows make it look simple and glamorous, but the truth is much more complicated. Many buyers underestimate the time, cost, and effort involved in turning a fixer-upper into a finished home.
The Hidden Challenges
Even minor renovations can spiral into bigger problems. Common surprises include:
Structural issues like foundation cracks, water damage, or roof problems
Outdated systems, including electrical, plumbing, or HVAC
Permit delays and inspections that slow progress
Unplanned costs for materials, labor, or design changes
HGTV often skips these realities, showing only the transformation and the final “wow” moment. In real life, renovations often take longer and cost more than expected, sometimes turning a seemingly affordable home into a significant investment.
Planning for Success
Before buying a fixer-upper, it’s critical to:
Hire a qualified home inspector to uncover hidden issues
Budget for unexpected costs—typically 10–20% more than initial estimates
Prioritize updates that add value and livability
Understand local permitting and contractor timelines
For example, a kitchen remodel might look simple on TV, but in reality, rerouting plumbing or replacing outdated electrical can add weeks and thousands of dollars to your project. Proper preparation helps turn a fixer-upper into a smart investment rather than a financial headache.
The Bottom Line
Fixer-uppers can be rewarding—but they are not always cheap or quick. Knowing the full scope of work and costs ahead of time is essential for success.
Thinking about a fixer-upper?
Consult with local real estate professionals and inspectors to understand the home’s true condition, potential costs, and realistic timeline before making an offer. A little extra research upfront can save time, money, and stress—and help you create a home you’ll truly love.
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