Reply to Do we buy the abandoned disgusting house?

Forum Index » Real Estate

Reply to "Do we buy the abandoned disgusting house?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous]I've actually done something like this - didn't read through all the posts. I put less down so I can have more cash for reserves (that's if the house qualifies for conventional).

My advice: if you're going to do this, do it right. Don't skimp out on upgrades you'll regret later. Depending on how old the house is, you'll have to do a demo to the studs- we had to put in new electric, plumbing, insulation (new drywall, paint obviously). Most likely you'll have to put/patch in new subfloor, joists, and to patch that all up you need all new hardwood or whatever flooring. It's very costly to reconfigure plumbing for bathrooms/kitchen so make sure you plan for that as well. The smell is probably from the house sitting in the heat in the summer and if it sat empty for even a full year, you'll definitely have moisture and mold issues.

I'd be interested to see the condition of the house and could probably give you better advice but this is something you'll need a lot of patience from and something that a regular contractor will take forever to do. Even if you contact the big general contractors who are capable of doing this it'll still take forever and cost a lot to do. More if you need a designer as well.. Not trying to scare you away from your dream home but the reality is there's a very long journey to get an old house to today's dream home standards. [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics