Reply to "Dream house" needs lots of work

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[quote=Anonymous]OP, if the house is in CCDC, then just about all of your neighbors will be in the same boat.  All of our friends neighbors are in some state of renovation.  The only ones who aren't are those that the did a bump out and updated everything at one, usually after living in the house for many years (one family 20).

I think it is important to generally factor in cost, though that can be difficult because the estimates you see here can run $3K to $30K for a bathroom.  But, there are different levels of need, so if you need HVAC or the basement is a flooder, that is more than something truly cosmetic.  Has anything been updated?  The roof?  The landscaping?

If it is going to be your forever home, then you don't need to worry about the cost of upgrades.  But, if you are buying in CCDC that is $1m and put in $200K, then it gets hard because you're at the top of the market.  (And, your renovations need to be appealing.)  But, if the house is $800K and you put in $300K then you're in a very good range.

An older home always has some "charm" left over, even after renovation.  Do you want and appreciate an older home?[/quote]

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