IS A FIXER-UPPER WORTH THE INVESTMENT?

“For sure. It’s an opportunity to get into a fabulous location at a lower price and realize your dream.” —Ann Ciardullo

“Redoing a fixer-upper requires a lot of thought and presents unique challenges. If you’re buying for yourself, go slowly and think wisely.” —Keith Green

“It depends on the entry price and the location, plus the cost to fix it up. And whether you plan on holding on to it for a while or flipping it.” —Pat Garrity

OUR PANEL OF EXPERTS

Ann Ciardullo

Sotheby’s International Realty

Pat Garrity

The Corcoran Group

Keith Green

Sotheby’s International Realty

Stacy Meyrowitz

Douglas Elliman Real Estate

Bill Williams Compass

“To do fixer-uppers, you need to have what I call a sharp pencil: Always try to buy materials at bulk to get a discount and do as much work as you can to save on labor costs. And get as much help and education as you can from your town to make sure that what you’re doing meets code.”

WHAT ARE THE CURRENT TRENDS IN HOME DESIGN?

“Screened porches are the best investment you can put on a house, especially if you’re near the water. They’re much better than tennis courts, since people usually play at their club with friends. Screened porches, especially heated ones, can become an extra room.” —Bill Williams

“Nowadays, people are looking for well-built four-season properties in the Hamptons— places they can use in the winter, spring, summer, and fall. The days of casual summer homes are over.” —Keith Green