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Real Estate
Reply to "Do we buy the abandoned disgusting house?"
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[quote=Anonymous][quote=Anonymous]You need 400k+ to get it to a decent shape (either gut or teardown). If you don't have the cash or can't get a construction loan, then pass on it. This is not a piecemeal project, it will destroy your mental health if you approach it that way.[/quote] Agree. you need to get a very good general contractor in and assume that you won't be living in it while the reno is happening. Give it 6 months of a lot of money and effort. We did it and we love our house. And that stage ends if you are aggressive about getting it all done. But it's not for everyone! money, constant communication with contrators, unexpected findings... It always takes twice as long and is twice as expensive as the first estimate. But it can be really worth it![/quote]
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