fixer-upper

A building, especially a house or other dwelling, that is lower in price but requires a substantial amount of renovation or repair. We decided to buy a fixer-upper and use the money we saved to turn it into our dream house. It's a bit of a fixer-upper, sure, but has the potential to be worth triple its asking price if you do it up properly. My husband wants to buy a fixer-upper, but I don't want to have to live through months upon months of construction.