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For the right price, the right fixer-upper – New York Times

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Fixer-uppers are not the darlings of the New York City real estate market right now. With so many well-groomed apartments for sale to choose from, why bother? But when there is a lot of inventory on the market, the price gap between the renovated and unrenovated often grows.

“What you see now,” said Jonathan J. Miller, the president of the appraisal firm Miller Samuel, “is more of a premium placed on renovated space because you have more supply, more choices.”

via www.nytimes.com

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