I feel like as-is homes get a bad reputation. Sure, these are homes that need repairs, but whether that’s a bad thing depends on so many factors!

First off, the price and urgency of the repairs makes a big difference. If you can score a home in a great area at a great price, it might be worth budgeting for incremental repairs.

If you’re handy or really enjoy DIY projects, an as-is home can also be a great fit and save you money on your mortgage.

For buyers who do have the time and inclination to take on an as-is home, there can be a huge return on investment, since after repairs, the home will be worth quite a bit more.