Buying a house that needs renovation—often called a "fixer-upper"—can be a strategic way to enter a desirable neighborhood at a lower price point or build equity quickly. Success requires balancing the lower purchase price against the complexities of renovation financing and construction.
Focus on homes with "good bones" rather than those needing major structural overhauls, unless you have a significant budget. Pros and Cons of Buying a Fixer-Upper House