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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 as buyers favour turnkey convenience. A Trade Me survey shows 49% of buyers want a new or updated home, while only 6% seek a fixer-upper, driven by a need for budget certainty.
This creates a 'quality gap', as few homeowners are renovating to sell. Sellers with modernised properties therefore have a significant competitive advantage. The summer slump is also a myth, with property views peaking in January.
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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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