What makes a place a "fixer upper"? I have looked at some places that were "renovated" and it seemed all they did was put in shiny steel appliances and paint the walls. I imagine there are some actual "fixer uppers" out there that need some real work, but I also imagine there are houses listed as "fixer uppers" that really just need some new paint. Thoughts.
Fixer upper means you aren't going to just open the door and move in. It can mean anything from needing a little sheetrock work, or a code violation, to needing a whole house rewire and new roof. Depending on the amount of 'fixing up' it needs, banks might not want to lend on a fixer.
Usually if it only needs paint or flooring, its referred to as a 'cosmetic fixer'.
Sloped floors/out of plumb walls
Damaged and/or green pool
Smoke or fire damage
These are just what springs to mind. I'm sure many more can be added to the list