---
title: Fixer-Uppers Gain Popularity With 1st-Time Buyers
description: The appeal of a turnkey home is obvious.
---

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# [Fixer-Uppers Gain Popularity With 1st-Time Buyers](https://www.firstbankrichmond.com/mortgage-articles/fixer-uppers-gain-popularity-with-1st-time-buyers)

 Written by [Susan Richwine](https://www.firstbankrichmond.com/mortgage-articles/author/susan-richwine) | Apr 14, 2023

The appeal of a turnkey home is obvious. After all, buying a house that doesn't require much, if any, work is a dream come true for most home buyers. But while a house that's move-in ready has obvious benefits, fixer-uppers have advantages too – and today's first-time buyers have noticed.

In fact, according to one new survey, 59 percent of first-time buyers say they want to find a fixer-upper or starter home. But it's not because younger buyers just happen to have an abundance of home improvement skills. The reason first-time buyers are looking at fixer-uppers has more to do with finances and the challenges of today's housing market. The survey found more than 30 percent of first-time buyers who say they want to buy a fixer-upper say it's because they're looking for a more affordable option – while 52 percent say current market conditions have impacted their decision.

In other words, first-time home buyers are looking at fixer-uppers as a more affordable path to homeownership in a still challenging housing market. 

[[Source](https://www.prnewswire.com/news-releases/first-time-homebuyers-see-now-as-a-good-time-to-buy-despite-market-uncertainty-td-bank-survey-finds-301793893.html)]

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