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MANHATTAN — A handyman’s dream. An architect’s delight. Needs some TLC — these are some of the real estate euphemisms that let you know a home will need a serious renovation. Roughly 10 percent of prospective buyers would consider a home that needs major remodeling, according to Doug Perlson, co-founder and CEO of RealDirect.com, an online brokerage that employs a search tool for wrecks. “As home prices increase and as competition increases, the idea of a 'fixer' becomes almost a necessity for some people because the buyer pool shrinks pretty dramatically for those who want to do the work," Perlson said. A fixer-upper might cost less than something newly renovated, but having to rehabilitate a home can turn into an expensive headache, experts say. “It's important to understand the difference between a full renovation and cosmetic work,” said Miron Properties’ Jeff Schleider. – PowerPoint PPT presentation