Buying a home that needs some work has appeal. Maybe it’s because of the popularity of home-remodeling shows or our desire to find a bargain, but fixer-uppers have generally been popular over the past 10 years. In fact, before the pandemic, listings that mentioned needing work, “TLC,” or having “good bones” were more likely to sell than those that didn’t. But that may be changing. In fact, according to one new analysis of keywords found in listings, “remodeled” is the hot term for home buyers these days, with potential buyers more likely to save a listing or share it with a partner if it’s a home that’s already had work done. Remodeled homes get 26 percent more daily saves and sell for a premium of nearly 4 percent. That’s an additional $13,000, the highest premium of any of the almost 400 terms included in the analysis. It’s also pretty good evidence that today’s shoppers are less interested in doing the work and more interested in finding a home that’s move-in ready. (source)
