Buying an "enter at your own risk" property in hopes of fixing it up
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Anonymous
| Anyone been there done that on this type of home? |
Anonymous
| If you need to ask an anonymous forum for experiences with this, you are not qualified for such a purchase. Don't do it. |
Anonymous
| I did it. I must agree with 19:19 on his/her point. If you are asking strangers then you don't have any clue what you don't know. |
Anonymous
| You don't already have a contractor? Then, no. You are not qualified to do the work required to get the property livable. Also, you may have trouble getting a mortgage and insurance if the building is condemned. FYI, it could cost much more to renovate than tear down. |
Anonymous
|
We did it. House built in 1993 and redone in 2006. Owners from 2006-2009 destroyed the interior but exterior was fine.
Spent $130,000 fixing a home we paid $540,000 for. appraised for $725,000 before we were done fixing it up. Husband thought it would appraise for 10% more if we just took out the dirty carpet and painted. It probably would have but I insisted on replacing absolutely everything I would touch because I was grossed out. |