The largest property buying demographic today is millennials. The younger members of this tribe may still favour renting, but once they hit their 30's and begin to settle down they want their version of a great house.
What they want is move-in ready. Why? Pressing student debt is already a worry. They scrape together as much as possible for the down payment and simply don't have extra cashflow to invest in "fixing up" things. The other factor to consider is this group of people does not want to be DIY weekends warriors! Also, many don't have the skills to do the work and they are not interested in learning how to do it.
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