Why first time homeowners may prefer to buy a renovated house ? In my experience the answer is clear and simple = The Numbers
Numbers wise unless they are a builder its prefered to roll it into a mortgage rather than an additional home improvement loan, refi. or other. That is just on the numbers end alone and does include all the time,effort,stress while working a job etc. that is needed in addition.
I see similar with single people, devorsee’s etc.