Move-In Ready vs. Fixer-Uppers

Real Estate Reality Check: Move-In Ready vs. Fixer-Uppers

When it comes to real estate and renovations in NYC, there’s a lot more than meets the eye. From choosing between a turnkey apartment and one that needs some TLC, to budgeting around fluctuating material costs, to ensuring your space meets accessibility standards—it can be overwhelming to navigate on your own.

That’s where Star Renovations NY comes in. As a full-service design-build firm, we guide our clients through every step of the process, helping them make informed, confident decisions that align with their goals, budget, and long-term vision.

In the competitive real estate markets of Brooklyn and Manhattan, homebuyers often face a pivotal question: should you buy a ready-to-move-in apartment or take on a property that needs some work? Both paths offer benefits, but they also come with trade-offs that can significantly impact your lifestyle, budget, and long-term satisfaction.

Let’s explore both options—and why, with the right design-build partner like Star Renovations NY, choosing a fixer-upper might be the smartest move you make in the city that never sleeps.

Move-In Ready: Pros

• Convenience: No waiting on contractors or permits—just unpack and settle in.
• Upfront Cost Clarity: You know what you’re paying for and can lock in your budget.
• Modern Features: Many turnkey homes are updated with energy-efficient appliances, smart tech, and sleek finishes.
  
  

Move-In Ready: Cons

• Higher Price Tag: You’re paying a premium for the finished work.
• Less Customization: The finishes and layout are someone else’s vision—not yours.
• Hidden Shortcuts: Not all renovations are high quality; what looks good on the surface might mask deeper issues
  

Needs TLC: Pros

• Customization: You get to create a space tailored to your taste and lifestyle.
• Potential Equity: Well-executed renovations can significantly increase resale value.
• Lower Upfront Cost: You might score a deal, especially if the property has been sitting.
  
  

Needs TLC: Cons

• Time-Consuming: Permits, inspections, and construction take time..
• Budget Risk: Renovation costs can easily exceed estimates due to unforeseen circumstances.
• Stress Factor: Managing a renovation—especially in a co-op or condo—can be mentally and logistically taxing.
  

The ‘Appeal’ of Ready-to-Move-In Apartments

Move-in-ready apartments offer one big advantage: convenience. There’s no waiting period or renovation dust—you get the keys and can settle in right away. For buyers in a rush or those who simply don’t want the hassle of construction, this is understandably appealing.

However, that convenience comes at a price. In neighborhoods across Manhattan, turnkey apartments can command up to 25% more per square foot than their unrenovated counterparts, according to recent data from Corcoran’s 2024 market report. 

While these polished finishes may look appealing at first glance, they’re often generic, tailored to attract the widest range of buyers rather than reflecting your personal style. Beneath the surface, the unit might still rely on outdated infrastructure or quick cosmetic fixes that conceal underlying problems..

Why Homes That Need TLC Offer Greater Long-Term Value

On the other side of the equation are apartments and homes that need some love—older units with dated kitchens, worn floors, or awkward layouts. While they may not dazzle during an open house, they offer something incredibly valuable: potential.

Fixer-uppers are often priced lower than updated units, sometimes by 15–30% in areas like Prospect Heights or the Upper West Side (as noted by Bankrate in 2024). Beyond the initial savings, the customization opportunities are endless. You have control over layout, materials, fixtures, and finishes—everything from the kitchen backsplash to the lighting plan. And when renovations are done thoughtfully, they don’t just improve quality of life—they build equity. In fact, a well-planned renovation in NYC can deliver a return on investment between 70–90%, especially in high-demand neighborhoods.

Of course, the flip side is the effort required. Renovating in NYC is not for the faint of heart. Between co-op board approvals, DOB permits, and navigating pre-war plumbing or historic preservation requirements, it’s a complex process. That’s why choosing the right partner is critical.

How Star Renovations NY Makes the Renovation Process Seamless

At Star Renovations NY, we turn potential into perfection. As a full-service design-build firm working exclusively in Brooklyn and Manhattan, we specialize in transforming dated, underwhelming apartments into high-end, custom-crafted homes. From concept through completion, we handle everything—so our clients don’t have to.

We bring together architecture, interior design, permitting, and construction under one roof, which means fewer delays, fewer headaches, and tighter control over timelines and costs. Our team is deeply familiar with NYC’s unique regulations, from navigating co-op board requirements to managing DOB filing.

With the right guidance, homebuyers can better evaluate each property’s true potential—whether it’s move-in ready or a fixer-upper—and make more confident decisions about which option aligns with their vision, budget, and lifestyle.

Have questions or want help planning your next project? Get in touch to start your hassle free home journey with Star Renovations NY. (718) 521-2879 or info@starrenovationsny.com