Photo: 123rf / Federica Fortunat
Can you still make money buying a property and doing it up to resell?
As data from Trade Me shows that buyers are moving away from 'doer-uppers', property experts are divided on how much value people can hope to add by renovating a home.
Trade Me said its survey of 2200 people found 49 percent of active buyers were looking for a house that already felt new or updated and 16 percent wanted a new build.
"The DIY dream appears to be fading. Only 6 percent of buyers are now explicitly looking for a fixer-upper, while just 15 percent are interested in original-condition properties. In a market with fluctuating building costs, many buyers would rather pay more for a finished product than face the uncertainty of
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