Should You Purchase A Fixer Upper?

As of 2025, many people are struggling to balance major expenses as prices increase all over the United States. Purchasing a home is already a significant decision, but odds are you might be considering options that offer lower prices or better deals to soften the blow. That’s where fixer upper homes come in.

A fixer-upper is a home that, while livable, requires significant renovations and repairs. These properties are typically priced lower than fully renovated homes, as they need extensive maintenance and updates. Often older, fixer-uppers have the potential to be transformed into beautiful, functional spaces with the right investment of time and effort.

For those who appreciate antique homes and don’t mind some hands-on work, a fixer-upper can be a great opportunity. Buyers often find value in these homes because they offer more space for the price, and there’s also the potential to renovate and sell for a profit. With the right vision and resources, a fixer-upper can become a rewarding project.

So let’s discuss: should you buy a fixer upper home, or go with a house that requires less maintenance? Here are a few things to consider before you begin your property search.

Pros of Buying A Fixer Upper:

Lower Price Points

Fixer-uppers are typically priced lower per square foot compared to move-in ready homes due to their condition and the repairs needed. The cost savings come upfront, as these homes are less expensive initially, making them an appealing option for buyers on a budget.

For those struggling to find a home within their price range, a fixer-upper offers a viable solution. With a lower purchase price, these properties provide an opportunity to invest in a home at a more affordable cost, leaving room for renovations and improvements down the line.

Freedom to Customize & Renovate

Buying a fixer-upper offers the incredible benefit of being able to shape the home to your exact preferences. With practically a blank slate to work with, you can renovate the rooms according to your personal style and needs. Instead of settling for someone else’s design choices, you can invest in upgrades that will make the home uniquely yours.

Renovating a fixer-upper also allows you to design a space that meets your long-term goals and lifestyle. Whether it’s expanding a kitchen, adding extra storage, or creating a relaxing outdoor space, the possibilities are endless. Over time, you can enhance the home with features that make it not only functional but also a place where you feel completely comfortable and content.

Less Competitors

When you’re ready to make an offer on a fixer-upper, you often face less competition from other buyers who are primarily focused on move-in-ready homes. Since many homebuyers prefer homes that require little to no work, fixer-uppers tend to attract fewer buyers, giving you an advantage in the market.

However, while there may be less competition from traditional homeowners, you could still encounter investors who are looking for properties to flip. These investors are often prepared to make quick, cash offers, so it’s important to be ready and act swiftly when you find the right fixer-upper. Nonetheless, the reduced number of buyers overall increases your chances of securing a property at a more affordable price.

Building Equity

One of the key benefits of buying a fixer-upper is the ability to build equity more quickly. From choosing the flooring to selecting custom cabinetry, renovating allows you to design a space that not only caters to your own preferences but also contributes to increasing the overall value of the home.

With the right renovations, you can see a significant return on your investment. By focusing on improvements that add the most value, such as modernizing the kitchen or updating the bathrooms, you can boost the home’s marketability and worth.

Cons of Buying A Fixer Upper:

• Upgrades and renovations can be expensive, requiring an investment of funds before making a return.
• Surprises can appear throughout the renovation process, which means you should budget for any extra upgrades that may pop up unexpectedly.
• The time frame for flipping a house could be a few months or a few years, so be prepared for a long-term journey.
• Investors will be your biggest competition when making offers on a fixer upper, as they’ll be seeking houses to flip and sell.

Conclusion: Make The Investment, Only If You’re Prepared

Buying a fixer-upper can be a rewarding investment, offering the opportunity to customize a home to your exact needs, build equity quickly, and potentially see a significant return on your investment. With fewer competitors in the market, you can secure a property at a more affordable price and create a space that fits your long-term goals.

However, it’s important to be prepared for the challenges, such as unexpected costs and the time required for renovations. If you’re ready for the commitment, a fixer-upper can provide you with a home that is uniquely yours and a valuable asset in the future.

If you’re looking to purchase a home in Houston or surrounding areas in Texas, partner with Oscar Combs Realtor. We’ll help you find the perfect home that suits your needs and offer assistance with various steps like house tours, negotiations, and closing. Contact us today!