North Carolina has the Lowest Concentration of Fixer-Uppers

Recent data suggest that fixer-upper homes might not be an affordable option in a competitive housing market anymore, especially in North Carolina.

Porch.com, a home improvement marketplace, found that NC had the eighth-lowest concentration of fixer-upper homes available. Discounted homes in need of TLC in the old north state might not be the ideal way to enter a competitive, expensive real estate market.

One possible reason for the low stock could be young housing stock, according to the report. No matter what the reason, don't expect to get a great deal on a cheap fixer-upper in this area. Fixer-uppers, once renovated, cost 15% more than comparable, move-in-ready homes in the same area when considering renovation costs.

To read more about the study, visit porch.com.