C
onsidering the high prices of homes in Connecticut, buying a fixer-upper might be a more affordable option. These older properties need renovation to meet livable or personal standards and are often cheaper than newer houses on the market. According to Realtor.com's study, fixer-uppers make up 7.7% of single-family listings in Connecticut, ranking it No. 7 in the US.

    The median price for a fixer-upper in Connecticut is $325,000, with a discount percentage of 42%. This means that buyers can expect to pay significantly less than the state's median home price. However, it's worth noting that Connecticut's fixer-uppers are on the higher end compared to other states.

    Renovating a fixer-upper can be expensive, especially in Connecticut. On average, homeowners can spend between $80,000 and $150,000 for a complete home renovation. Kitchen remodels can cost anywhere from $40,000 to $75,000 or more, while bathroom remodels can range from $15,000 to $40,000 or higher.

    While the costs may seem daunting, buying a fixer-upper in Connecticut could be a viable option for those looking to own a home without breaking the bank. With careful planning and budgeting, homeowners can transform an older property into their dream home.