Shows like HGTV's "Fixer Upper" have popularized the idea of buying and renovating the worst house on the best block. Homes that need major remodeling, however, aren't for everyone. Sometimes a move-in ready house is a better option. Whether you're a first-time homebuyer or a seasoned investor, it's important to understand the pros and cons of each.
Pros of Fixer-Uppers
- Lower price --Homes that require some updating tend to be priced lower, and many renovations can quickly add value to your home.
- Creative control --When you're the one in charge of updating your home, you can customize it however you choose.
Cons of Fixer-Uppers
- Delayed move-in --The planning and work involved t...