Purchasing a fixer-upper can be an exciting adventure—then again, buying a move-in ready home can be faster and easier on many new homeowners. In this video, Open Mortgage CEO and founder Scott Gordon offers tips to help make the decision easier. Some topics he covers:

• Rising construction costs and why an older home may offer a better bargain
• How 203(k) renovation loans help finance the cost of an upgrade
• Which type of home fits a shorter-term purchase plan