New Construction or Fixer-Upper?My spouse and I live and work in the DC metro area. We both work in non-profits and have a small child, so saving for a down payment has been difficult. While we're not considered low-income, we do qualify for the DC Opens Doors program (http://www.dchfa.org/DCHFAHome/Homebuyers/tabid/57/Default.aspx). Just recently, a family member came forward and offered to invest in our first home. This would be an investment, not a loan, and we could use the money as we see fit. We are looking for a space where we could live for the next 5-10 years, and would see a good return on our investment. Initially, we considered going through the DC Opens Doors program to buy a fixer-upper in the Woodridge/Michigan Park area, and using our family member's contribution to make improvements to the home. Alternatively, we've been looking at the new construction in Hyattsville (Arts District), which is also experiencing an increase in retail and commercial businesses. While we love living in DC, we are enticed by the idea of not having to worry about making improvements on our first home purchase. With that said, if buying a fixer-upper would yield a stronger return on our investment, I think it is an option we shouldn't pass up. So my question is: what sounds like a better investment in the long run? January 23 2014 - Woodridge00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.