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[quote=Anonymous][quote=Anonymous]What difference does it make if it was gross and disgusting inside?  It's been gutted!  Probably just old with old cloth wiring, old plumbing, etc,  All the walls, ceilings, windows, etc taken out and old wiring, plumbing replaced and new outlets/wiring put in.  Electrical box upgraded so you fon't blow a fuse everytime you run the hair dryer and microwave at the same time.  Some of these old houses have 1 outlet per room.

Better to get a gutted basically new house than some retrofitted DIY homeowners idea of a renovation.[/quote]

When we bought a year ago, we looked at a bunch of flips.  The problem is, I doubt they were actually "gutted."  The kitchens and bathrooms were new, new appliances, but the electric panels weren't updated, so I highly doubt the wiring was replaced.  In fact, in one flip, my spouse checked the outlets and *none* of them were grounded (there's a very simple tool to detect this).

While they usually upgraded the normal windows, bay windows were usually *not* upgraded (too expensive).

Those red flags made me highly suspicious.  I doubt plumbing was fully replaced, but my guess is that they did only what they needed to do to get the new fixtures in place.  Who knows what lurks beneath bath tubs and showers.

However, the houses that were renovated by homeowners who owned them for a decade or more were in better shape.  Why?  Because if they renovated something 10 years ago, they probably cared a lot more about the renovation than a flipper because they knew they were going to actually *live* there.  Yes, you have to be careful with DIY stuff.  But in general, there were far fewer red flags with properties retrofitted by the actual homeowners than with flipped properties.

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