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Real Estate
Reply to "Buying As-Is and Price/Competition in Alexandria or Arlington"
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[quote=Anonymous]Hi OP. I'm based in Vienna not Arlington but I've run numbers on my HGTV fantasy a couple different times and always decide not to pursue it. Honestly you need a lot of cash or spare time (or both). For normal people who have jobs and can only tolerate a little cash risk -- for example if you have to keep paying two mortgages until construction ends and the project is running behind -- it's not great. I totally get the attraction of making something completely custom. But I also grew up in a house that was under construction for 15 years while my dad DIYed one room at a time, and I've been my own general contractor on small remodeling projects. It's a lot. I love the idea of a "deal" and of making something my own ... but I think buying turn-key is actually more efficient.[/quote]
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