- Fixer-Upper
A fixer-upper is a
real-estate property that will require maintenance work to redecorate, reconstruct or redesign. They are popular with buyers who wish to raise the property's potential value to get a return on investment, a practice known asflipping , or as astarter home for buyers on a budget.cite news
url=http://www.denverpost.com/technology/ci_5376646
title=Is a fixer-upper right for you?
author=Elana Ashanti Jefferson
date=March 7 2007
publisher=Denver Post
accessdate=2008-03-05] Home-improvement television shows toutingdo-it-yourself renovation techniques have made fixer-uppers more popular, but during a real-estate downturn, with newer homes available at depressed prices, there is often reduced interest. Inexperienced buyers frequently underestimate the amount and cost of repairs necessary to make a home livable or saleable. Structural and service issues such as a home's foundation or plumbing, which may not be visible at first, can require expensive, professional contracting work.According to Jack C. Richards in his book Interchange ( Third Edition) Volume Three, the expression 'Fixer-Upper' describes a place for sale at a lower price because it needs a lot of repairs.
Film and television
Many comedy films have used fixer-upper renovations as a central part of the plot, among them:
*"Mr. Blandings Builds His Dream House " (1948)
*"George Washington Slept Here " (1942)
*"The Money Pit " (1986)Flipping of rundown houses has also been the subject of various
reality television shows, including:
*"Flip This House"
*"Flip That House"
*"The Real Estate Pros "References
*cite web
url=http://www.thisoldhouse.com/toh/article/0,,694903,00.html
title=Should You Buy That Fixer-Upper?
accessdate=2008-03-05
author=Jeffrey Rothfeder
publisher=This Old House
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