New Yorkers are Flocking to Fixer-Uppers

The demand for fixer-uppers in NYC has never been that high but as inventory has grown and the competitive prices for move-in ready apartments continues to swell, more city dwellers are considering renovating old dwellings.
If the buyer is in a comfortable living situation and doesn’t mind waiting to renovate or moving in at a later date then they are in the ideal situation to take on a fixer-upper. Often times these buyers want an apartment done their way and even if they bought a place that was finished they’d invest money in tearing out a countertop and putting in what they like so they figure why not do it once the right way.

We welcome the upswing in New Yorkers taking on a DIY approach and I’m sure hardware stores like Garber and websites such as Apartment Therapy are more than happy to help.
[via New York Times]
photo: Tina Fineberg

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Timothy Dahl

Timothy Dahl

Founder/EIC at Charles & Hudson
Timothy’s background includes stints at This Old House, ELLE DECOR, Metropolitan Home and Woman’s Day. His work has been published on Wired Design, Bob Vila, DIY Network, The Family Handyman and Popular Mechanics and he has been featured on the Martha Stewart radio show and as a speaker at the ALT Design Summit, K/BIS and the National Hardware Show.