that what many of them are looking for is really a less expensive way
to achieve homeownership. One alternative to buying a house
that needs major work is to buy a two family home and live in one
apartment while you rent the other. Many potential buyers are
surprised that most of the rental income can be counted
towards qualifying for a mortgage amount higher than you could
get based on your income alone. This can allow you to look
for a house in better condition or in a more desirable area. While you may say that you are buying a house to get out of an apartment, it is quite different and much more rewarding to receive a monthly rent check and use it to help to pay for your housing expenses rather than writing a check to the landlord. There are tax advantages and many programs available to help owners of these types of properties with home improvements through grants and low cost loans. It is a great stepping stone that can be one stop in the journey towards your "Dream House". After you have had a chance to save more or your income increases you can either sell the multi family unit to trade up to a single family or keep the multi as an investment property. A good real estate agent can help you to make the transition when you are ready to move on.
I hope that you will consider this alternative. Believe me living in a handyman house can be a lot more uncomfortable and cost a lot more than you anticipate. I have lived in both and the two family was a lot less stressful than the rehab. Think about looking at a few multi family units during your search and speak with your Buyer's Agent about the pros and cons of buying and managing an owner occupied multi family house.
If you are looking for a house in the Greater Hudson Valley of NY I would be pleased to speak with you regarding great entry level housing whether you think you want a fixer upper, a multi family unit, or anything else. If you are looking elsewhere I will find you an agent in your area that can help you. I look forward to helping you start your home ownership journey.