There’s no denying that affordability is a major challenge in today’s real estate market, especially here in San Bernardino and Riverside counties. But if you’re open to some creative options, buying a fixer-upper could be the key to homeownership—even in a competitive market like ours.
If you’re willing to put in some work (or hire the right pros), purchasing a home that needs renovations can help you get more house for your money. There are a few things you need to know and consider before taking this step.
What’s a Fixer-Upper?
A fixer-upper is a home that’s structurally sound but needs updates—ranging from minor cosmetic fixes like fresh paint and flooring to major repairs like roofing or plumbing upgrades. While they require an investment of time and money, these homes often come with some serious perks.
Why Consider a Fixer-Upper in Inland California?
Lower Purchase Price
With home prices still high in 2025, fixer-uppers offer a more affordable entry point into the market. Data shows that homes needing renovations tend to be priced around 25–30% lower than move-in-ready homes. This price break can make all the difference, especially with mortgage rates fluctuating.
Less Competition
Many buyers in the Inland Empire are looking for move-in ready homes, meaning there’s often less competition for homes that need work. This can give you a better shot at landing a home without getting caught in a bidding war.
Build Equity Faster
Home prices in our area have continued to rise, and putting work into a fixer-upper means you’re building equity from day one. Smart renovations—like updating kitchens and bathrooms or improving curb appeal—can significantly boost your home’s value, making it a strong investment.
What to Consider Before Buying a Fixer-Upper
Do You Have a Plan?
Be realistic about your budget, timeline, and skills. Can you handle DIY projects, or will you need contractors? Living through renovations isn’t for everyone, so make sure it’s the right fit for your lifestyle.
Prioritize the Right Renovations
Not all renovations need to happen immediately. Focus first on essential repairs—such as plumbing or electrical—before moving on to cosmetic updates. A well-thought-out renovation plan can save time, money, and stress.
Location, Location, Location
Fixing up a home only makes sense if it’s in a desirable area. Look for neighborhoods in San Bernardino and Riverside counties that are seeing growth, have good schools, and offer amenities like parks, shopping centers, and dining spots.
Always Get a Home Inspection
A professional inspection is a must! This will help you uncover any hidden issues and determine if the renovations fit within your budget.
Budget for Surprises
Renovations rarely go exactly as planned. Set aside extra funds for unexpected costs, such as material price increases or additional repairs that may arise once work begins.
Explore Financing Options
Not all buyers have cash on hand for major renovations, but there are mortgage options designed specifically for fixer-uppers. FHA 203(k) loans and Fannie Mae’s HomeStyle loans can help finance both the purchase and renovation costs, but they come with specific guidelines—so talk to a trusted lender about your options.
Bottom Line
Fixer-uppers aren’t for everyone, but if you’re willing to put in some effort, they can be a great way to overcome affordability challenges and invest in a home that fits your needs.
If you’re considering buying a fixer-upper in the Inland Empire, let’s connect! I can help you find properties with potential and guide you through the process of turning a diamond in the rough into your dream home.
