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Reply to ""Dream house" needs lots of work"
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[quote=Anonymous][quote=Anonymous]Seems like we've found a house that meets all our criteria (location, schools, commute, size). Thing is, it needs a fair amount of cosmetic work. We'd have to do things slowly over the years, so we'd be living with outdated bathrooms, basement, etc. for some time. There are also some key things that need to be done before moving in. Has anyone bought a house like this and what was your experience? Realistically, this is our best bet for getting into this neighborhood, but part of me is dreading living in a house I don't totally love from the outset. Other things to consider in a situation like this? [/quote] We did this. Wood paneling 1960s kitchen Smelly fridge Broken chandelier Few outlets Pink everything Plaster Tiny closets Broken locks Poor insulation No lighting Chimney issues Chain link fence No landscaping Electric washer dryer from 1960s We regretted it year 1 because you'll sink $20k into things you can't even see or experience: patching a roof, fixing some plumbing, etc. year 2 we did hardwood, lighting, fencing, landscaping phase 1, improved heating Year 3 we replaced w/d with high end stuff, tore out wood paneling and did drywall Year 4/year 5, fixed closets and kitchen, landscaping phase 2 Year 6: bathrooms ?? It's been a bit of a pain in the ass but ... In all fairness we are ending up with a great home. You just have to go in with the idea that you'll have to update it over time, room by room.[/quote]
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