Buffalo’s Real Estate Renaissance

Buffalo has officially been named Zillow’s hottest housing market for 2025, marking the second consecutive year it has topped the list. Several factors are driving this recognition:

• Affordability: With an average home value of $260,537, Buffalo remains one of the more affordable options compared to other major metros.

• Job Growth: The city is experiencing rapid job creation, with two new jobs created for every new home permitted. This imbalance between employment growth and housing development is fueling demand.

• Limited Housing Supply: New construction has not kept pace with job growth, leading to a shrinking inventory of available homes and increased competition among buyers.

These dynamics create a perfect storm for a competitive real estate market, making Buffalo a prime location for homeowners and investors alike. For those willing to roll up their sleeves, buying a fixer-upper in this thriving market offers a unique opportunity to create a dream home while gaining equity.

The Appeal of Homes in Need of Renovation

Buffalo’s older homes have charm and character that simply can’t be replicated in modern construction. From intricate moldings to hardwood floors, these properties often feature craftsmanship that stands the test of time. For buyers, a home in need of renovation represents:

• Opportunity: You can tailor the home to your lifestyle, adding modern conveniences while preserving its historical charm.

• Affordability: Renovation-ready homes are typically priced lower, leaving room in your budget to customize the space.

• Character: Every renovation is a chance to uncover and restore unique details that give the home personality.

Investing in a fixer-upper means embracing the imperfections and envisioning the possibilities—a perspective that can lead to a truly one-of-a-kind home.

What to Look for in a Renovation Project

Not every fixer-upper is a good investment. Here are some key factors to consider before making an offer:

1. Structural Integrity: Look for a solid foundation, sturdy beams, and a roof that is in good condition. Cosmetic issues like paint and flooring are fixable, but structural problems can be costly.

2. Layout Potential: Consider how to reconfigure spaces to improve functionality and flow. Can you open up the kitchen? Add a bathroom? Convert unused rooms?

3. Neighborhood Appeal: Choose a location that aligns with your needs. Buffalo offers neighborhoods perfect for families, singles, downsizers, and those seeking historic homes.

4. Hidden Costs: Be prepared for surprises like asbestos, outdated wiring, or plumbing that needs replacement. Factor these potential expenses into your budget.

Why Renovating is Better Than Buying New in Buffalo

Buffalo’s real estate market offers something unique—homes with history, character, and charm. While new construction may seem appealing, renovating offers distinct advantages:

• Preserving Charm: Renovating allows you to keep the original character while updating the home to meet modern needs.

• Customization: You can create a home tailored to your lifestyle rather than settling for a cookie-cutter design.

• Affordability and Equity: Older homes often cost less upfront, and renovations can add significant value, helping you build equity faster.

• Sustainability: Renovating uses fewer resources than building new, making it an environmentally conscious choice.

Success Story: From Ugly Duckling to Dream Home

When I first walked into what would become my home, it was, quite honestly, ugly. The walls were painted terrible colors, the hardwood floors had been painted over, and the upstairs was covered in unattractive carpet. The kitchen was tiny and completely cut off from the dining and living areas, making entertaining impossible. To top it off, there was only one bathroom, and the laundry was inconveniently located in the basement.

But the house had good bones, and with few options in our price range, we decided to take the leap. My goal was to create a home that worked for our lifestyle—a space that was functional, beautiful, and true to the charm of Buffalo’s older homes.

Here’s how we tackled the transformation:

• Reimagining the Layout: We turned the rarely-used formal dining room into a spacious new kitchen that flows into the living area. The old kitchen became an additional bathroom with laundry, a change that made our daily routines so much easier.

• Restoring Charm: I was committed to preserving the house's character by salvaging and reusing molding wherever possible. When we couldn’t save it, I had replicas made to maintain the home’s historic feel.

• Addressing the Ugly Details: We tackled structural issues head-on, from leveling subfloors to replacing a sagging beam in the living room. We also added insulation to the sunroom ceiling and removed asbestos from the back hallway and ductwork.

The result? A home that’s a true reflection of our needs and personality. Every corner of the house feels intentional, from the practical storage solutions to the playful, adventurous touches.

Tips for Buying and Renovating in Buffalo

If you’re ready to buy and renovate a home in Buffalo, here are some tips to guide your journey:

1. Focus on Bones, Not Flaws: Don’t be deterred by ugly paint, old carpets, or outdated kitchens. Look for homes with solid structures and layouts that can be reimagined.

2. Budget for the Unexpected: Be prepared for surprises like asbestos, wiring upgrades, or insulation needs.

3. Work with Local Experts: Hire contractors and designers who understand Buffalo’s unique housing stock.

4. Embrace Sustainability: Reuse salvaged materials, preserve architectural details, and opt for energy-efficient upgrades.

5. Prioritize High-Impact Areas: Focus your budget on the kitchen, bathrooms, and areas that improve functionality.

Furnishing Your Renovated Home

After the dust has settled from your renovation, it’s time to bring your space to life with furniture and décor that reflect your style and needs. Partnering with a local interior designer like Denine Jackson Interiors ensures your home is beautiful and functional. We can help you select timeless, high-quality pieces that fit seamlessly into your newly renovated space.

For those looking to add unique charm, consider shopping locally at places like Hertel Home Consignment. This hidden gem offers pre-loved furniture with character, perfect for homeowners who appreciate pieces that tell a story. Local artisans can modernize or customize many of these items, giving them a fresh, updated look that complements your home’s design.

Looking for Your Buffalo Fixer-Upper? Start Here!

Finding the perfect fixer-upper starts with partnering with the right real estate agent. Here are two local experts who specialize in helping homeowners navigate Buffalo and Western New York’s unique real estate market:

• Jenna Carman, Keller Williams
  Jenna has extensive experience helping homeowners find fixer-uppers that are great investments for those planning to live in their purchase rather than flipping or renting. She has a keen eye for identifying properties with potential and as a lifelong Buffalonian, she can help you find the perfect home to renovate.

• Emily Cornwell, Howard Hanna
  Emily specializes in helping buyers uncover the hidden gems of Buffalo and Western New York. Her expertise extends to identifying fixer-uppers that balance investment potential with livability, making her a valuable resource for families, singles, or anyone looking to downsize. Emily also deeply understands neighborhoods that cater to specific needs, including those with historic charm or strong community appeal.

Your Turn: Finding the Beauty in Buffalo

Buffalo’s real estate market in 2025 offers the perfect opportunity to invest in a fixer-upper and create a home that reflects your style and needs. As someone who’s been through the process, I can tell you—it’s worth it. These homes are waiting for someone to believe in their potential, just as I did with mine.

If you’re ready to transform a house into the home of your dreams, let’s work together. Denine Jackson Interiors is here to help you navigate the renovation process and design a space that feels like home.

Contact us today to start your Buffalo renovation journey.