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Fixer-Uppers Are Losing Appeal | Salt Lake City News
Fixer-uppers are losing their charm as buyers flock to move-in-ready homes—thanks to soaring renovation costs, higher mortgage rates, and tighter labor markets. With materials, labor, and financing all more expensive, and rates now hovering around 6-7%, there’s less wiggle room for home improvements. Still, savvy buyers with renovation skills, cash reserves, or specialty loans can find hidden value in discounted fixer-uppers—if they’re prepared for the hassle and do their homework. For most, though, the math just doesn’t add up, making turnkey homes the smarter, less stressful choice. Listen…
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