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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.
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The Kiwi dream of a 'doer-upper' is fading as buyers prioritise convenience and budget certainty. A Trade Me survey shows 49% of buyers now seek new or renovated homes, while only 6% are looking for a fixer-upper.
This has created a 'quality gap', with 51% of buyers citing a lack of suitable properties as their main barrier. Sellers with modernised homes have a strong competitive advantage in the current market, while those with original properties may need to adjust expectations.
Trade Me Property Spokesperson Casey Wylde
The quality gap
The myth of the summer slump
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