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Is This The Death Of The ‘doer-upper’? Kiwi Buyers Ditch The DIY Dream For Renovated Homes
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Scoop NZ - Business
Kiwi Buyers Ditch The DIY Dream For Renovated HomesNew research from Trade Me has found Kiwi are moving away from the long-held appeal of buying a ‘doer-upper’ property in favour of more turnkey convenience.
Trade Me Property spokesperson Casey Wylde said the shift suggests Kiwi are placing a premium on their time and budget certainty.
Only 6 per cent of buyers are now explicitly looking for a fixer-upper, while just 15 per cent are interested in original-condition properties.
While buyers are hunting for high-quality, renovated homes, 50 per cent of homeowners have no plans to renovate any time soon.
This translates into watchlists too with January seeing 16 per cent more watchlists than average and February 8 per cent more watchlists than average© Scoop Media