Today’s Home News reveals where fixer-uppers can cost more and aren’t always a smart investment, and what home decor realtors say to avoid when staging a home for sale.
Real Estate News
How do fixer-uppers cost more?
While the median cost of a fixer-upper home is about 45 percent less than turnkey homes in the U.S. at $225,000, the cost of home improvement makes owners end up spending more in 50 cities, according to Porch.com.
Here’s why fixer-uppers can cost more: For whole-house renovations, the median cost is $130 per square foot, according to the online Remodeling Calculator. An average fixer-upper can end up costing 15 percent more than a same-size turnkey home in the same city.
Still, fixer-uppers are at least 75 percent less expensive in some cities (like New York, NY; Jackson, MS; Birmingham, AL; and Toledo, OH) than a comparable turnkey home.
Home Decor News
Real estate agents are telling Apartment Therapy that red is the worst color for interior walls. They also say to not mix appliance brands and to use a statement counter made of stone as an accent instead of a bold wall color.
What do you think?
Did you know that fixer-uppers cost more in some cities?
Is red and other bold paint colors a turn-off during a home walk-through? Do you prefer seeing a home in neutrals? Comment below, or send us a note.
