A fixer-upper is a real-estate property that will require
maintenance work to redecorate, reconstruct or redesign. They
are popular with buyers who wish to raise the property's potential
value to get a return on investment, a practice known as flipping,
or as a starter home for buyers on a budget. Home-improvement
television shows touting do-it-yourself renovation techniques
have made fixer-uppers more popular, but during a real-estate
downturn, with newer homes available at depressed prices,
there is often reduced interest. Inexperienced buyers frequently
underestimate the amount and cost of repairs necessary to
make a home livable or saleable. Structural and service issues
such as a home's foundation or plumbing, which may not be
visible at first, can require expensive, professional contracting
work.