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Reply to "Are we the only family in the DMV who is priced out?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]When we had a $300k HHI, we put down $200k on a $735k home. While the home was built in the 1970s, it wasn’t a “total tear down” and has served us well![/quote] Did it need foundation work? The contractors I have spoken with are charging insane amounts for foundation repair right now. That, roof replacement, and electrical are what we are saving up for. Don't want to have a fire, either. Lots of those on the local news.[/quote] Have you ever owned a home? Are you only getting info from realtors and contractors who have incentive to scare you into buying right now or spending more? I have owned 2 1940s houses in Arlington, both with additions done in the 90s. Everything we’ve done has been aesthetic except replacing a furnace - which we knew about from the inspection and priced into our bid. No foundation work. None of my neighbors have needed foundation work and 2 have done significant renovations. We have not had any electrical issues. Both houses had 10+ years left on the roof when we bought them. I think you are being a bit dramatic and unrealistic. [/quote]
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