Should You Buy a Fixer-Upper? Pros and Cons
- Scott Sweeney
- Aug 1
- 3 min read
Buying a fixer-upper can be a great way to get into a desirable neighborhood, build equity quickly, and customize your dream home. But it can also be stressful, time-consuming, and expensive if you’re not prepared.
Here’s a breakdown of the pros and cons of buying a fixer-upper in 2025 to help you decide if it’s the right move for you.
✅ Pros of Buying a Fixer-Upper
1. Lower Purchase Price
Fixer-uppers typically cost less than move-in-ready homes, giving buyers an entry point into competitive markets.
2. Build Instant Equity
Renovations can significantly increase the home’s value, allowing you to build equity faster than with a turnkey property.
3. Customize to Your Taste
You have the freedom to choose your finishes, layout changes, and upgrades to create a home that fits your style and needs.
4. Less Competition
Many buyers shy away from homes that need work, meaning you may face fewer bidding wars.
⚠️ Cons of Buying a Fixer-Upper
1. Renovation Costs Add Up
Even small projects can quickly become expensive. Always get multiple quotes and budget for unexpected expenses.
2. Time-Consuming Projects
Renovations can take months, delaying when you can fully enjoy your home.
3. Potential for Hidden Problems
Older homes can come with unforeseen issues like electrical, plumbing, or structural repairs—costly surprises that eat up your budget.
4. Financing Can Be Tricky
Some lenders may require certain repairs before closing, or you may need a renovation loan like an FHA 203(k).
💡 Questions to Ask Yourself
Do I have the budget for renovations plus surprises?
Am I comfortable living in a construction zone?
Do I have reliable contractors and the time to manage them?
Will the after-renovation value justify the investment?
✅ Final Thoughts
A fixer-upper can be a smart investment—but it’s not for everyone. If you have the budget, patience, and vision, it can lead to great equity and a truly personalized home.
Work with a knowledgeable real estate agent to find properties that fit your goals—and to avoid homes that could become money pits.
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About Scott Sweeney
SweeneySells
Full Time Realtor 13 Years +
Over 100 Families Served
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Buying & Listing Specialist
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CSUS Business & Marketing Graduate 2006
With quickly serving over a 100 families, Scott Sweeney has become a top 5% producing Realtor in the greater Sacramento area who has helped clients from the Bay Area to South Lake Tahoe. Scott has a Bachelor Of Science in Business Administration, with a concentration in Marketing from CSUS. His education, and extensive background in the hospitality, marketing, and real estate industries, have helped Scott to become one of the leading, and most sought after agents in the area.
Reach out to SweeneySells today, and take the first step towards your real estate goals!
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