L
ast week, Zillow announced that fixer-uppers are no longer the heartwarming finds they once were. According to their data, fully remodeled homes are getting 26% more daily saves than those in need of TLC, and fixer-upper properties are seeing a significant dip in sale price premiums (7-8%) for the first time in years. Remodeled homes used to be less desirable, with "remodeled" only contributing to an 0.8% sale price premium last year.

    Nowadays, "renovated" is the buzzword, with nearly 30% of listings on Zillow sporting this label. This surge can be attributed to the post-pandemic renovation boom and the fact that newly renovated homes are hitting the market just in time for spring home shopping. The rising cost of remodeling has also made buying a fixer-upper more challenging.

    As a result, fixer-uppers may become more accessible to buyers who want to put their own stamp on a property. "If you're looking for a fixer-upper, you'll have less competition than in the past," says Amanda Pendleton, Zillow's Home Trends expert. This could give old-house lovers an opportunity to snag a potential gem at a lower price point.