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Is this the death of the ‘doer-upper’? Why buyers are ditching the DIY dream
With the increasing cost of living and rising building costs, more Kiwi are putting down the tools.
AI summary
The Kiwi dream of a doer-upper is fading, with a Trade Me survey revealing a major shift in buyer preferences. Nearly half of buyers (49%) now seek renovated or new homes for budget certainty, while only 6% want a fixer-upper.
This has created a 'quality gap', as 51% of buyers say a lack of suitable properties is their main barrier. Sellers with modernised homes have a distinct advantage, especially as the 'summer slump' is a myth.
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Casey Wylde
Trade Me Property Spokesperson
Trade Me Property Spokesperson Casey Wylde
The quality gap
The myth of the summer slump
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Casey Wylde
Trade Me Property
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