Fixer uppers: A step on the ladder or a money pit? – Independent.ie

The number of first-time buyers is falling year on year. Blame the Central Bank rules, blame lack of supply or high property prices or any one of the current market’s idiosyncrasies. But as a result, those wanting to get a foot on the ladder are having to think outside the box.

he pandemic has helped buyers by opening up new possibilities, as remote workers realise they no longer need to buy within commuting distance of the office.

Maggie Molloy is the woman behind the RTE series Cheap Irish Homes, and she believes that buying a fixer upper can be the solution for cash-strapped house-hunters. Herself and fellow presenter, engineer Kieran McCarthy, take buyers all over the country to view rundown properties that otherwise might not have shown up on their radar.

The secret, says Maggie, is to let go of the idea of moving ‘into a brand-new shiny house’. “People

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