For years, many first-time buyers saw fixer-uppers as one of the few affordable ways into homeownership: buy a cheaper house, renovate it over time, and build equity along the way. However, with inflation, tariffs, and construction labor shortages driving up the price of materials and labor, the calculation has become more complicated.

Rising Costs and Discounts

Homes that need significant work are selling at some of the steepest discounts in years, and many buyers are rethinking whether a fixer-upper is worth the investment. As a result, buyers must carefully consider the costs and potential returns on their investment.

Original reporting: KTVZ (Central Oregon) — read the source article.