- Fixer-uppers selling for at least $1 million in San Francisco regularly make headlines.
- In a city where housing demand outweighs supply, the value of homes and land is sky-high, meaning even dilapidated single-family homes throughout the city are worth a pretty penny.
- But the purchase of the property is only the first step in taking on a fixer-upper project — renovations typically mean shelling out millions more.
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The glamour of flipping a “fixer-upper” has in part been fetishized by home-renovation TV shows on channels like HGTV. One of the most recent and high-profile ones that come read more >>>
Source : BusinessInsider.Com