New or foreclosed?

@dfollin (12503)
United States
January 26, 2013 6:19pm CST
There are a lot of nice newly built homes.But,personally I would like to buy a foreclosed home and remodle it the way that I want and want's me comfortable. For instance,you never know what is going to happen,through the years I have had medical issues that have occured,which has caused me to have move from home to home.Almost five months ago we moved into a home that we are sharing.Due to medical issues I need to be able to use the dishwasher and use the heat as needed.However the landlord does not want these devices used much.The home is a townhouse with a lot of stairs.I broke my foot the day after Christmas which makes day to day living difficult for me and the laundry room is in the basement.A pain!I have friends and relatives that I never thought this would happen,but are in wheelchair's.I have a friend who's 20 year old daughter was in a car accident and confined to bed and a wheelchair permanantly,unless God send's a miracle her way.I would like handicapped facilities that I already need as well as one's that I might need someday as well as wheelchair ramps. I am very fire concious and prefer not to have the bedrooms on the second floor.I am not good at wet road's and therefore I would like my driveway on flat ground. I am tired of having to move everytime I need to live in a different style home or situation.I would prefer to make my home they way I want it. What do you think?
2 people like this
7 responses
@911Ricki (13602)
• Canada
27 Jan 13
We don't think of these things until something happen. I want a place with no or little stairs, something with a small land, so I still have yard ust not something that would need a lot of care. I perfer a flat driveway or something you can turn around in because of ice in the winter. I want something with no stairs because of my arhtitis sometimes it really acts up.
1 person likes this
@dfollin (12503)
• United States
27 Jan 13
Hi Ricki,You sound like me......no stairs,I have arthtitis too,as well as other problems with my right foot,now problems with my left foot after breaking it in December.Right now we are living in a townhouse which was the only place that we could find to move to.I figured all the stairs would be difficult.But,like you said we don't think about what could happen.I wasn't expecting to break my foot.But,I do realize how difficult it is dealing with all the different medical issues that I have had to deal with through the years.However right now I cannot afford to buy my own place. I hope you can find a place that suits you.
• United States
27 Jan 13
Foreclosed homes are a cheaper, but be careful. The cost to fix them could be more than what you would pay for a new house. Remember that the house is foreclosed because of lack of money to pay the mortgage. That also means no money to pay for repairs. A lot of foreclosed homes are in pretty bad shape because of the lack of repairs. Plumbing, water damage, electrical, mold, structural damage, heating can be very pricey. Yes, you can remodel it to fit your needs, but you might be putting up a lot of money just to make it livable and not have much or any left over for remodeling.
1 person likes this
• India
29 Jan 13
You have health issues, so you need a house that fits all your needs, but most rented houses may not suit you, if you have the money make your own as per your choice. get well soon my friend , god bless you. Thanks for this discussion
• United States
28 Jan 13
I’m sorry that you have had a lot happen to you where you had to move from one place to the next. I have had to move 4 times in the last 8 years and it’s no fun at all. I would have to say that moving has taken a huge toll on me each time I had to go through it, and each time I move I tend to lose things in the process of moving. I know that foreclosed on homes can be pretty cheap to buy, but they can also take a huge amount of time getting approved for closing to take place. One of my relatives bought a HUD home, which was a foreclosure. I am not sure if all HUD homes are foreclosures, but I think they are. They had a an okay experience. Then a friend of mine bought a HUD home in another state and she had one problem after another. It took her about a year to actually get a closing. We are buying our home, or my SIL is.. his mom bought it and he is buying it from her. She got this house for a steal and it wasn’t a HUD home either. It had never been foreclosed upon. We were moved in about 6 weeks after the sale.
@mariaperalta (19096)
• Mexico
28 Jan 13
You need to realy check them all out before choosing. Here in Mexico forclosed are sold as is.. not sure where you are...
@elmiko (6640)
• United States
27 Jan 13
lock in a fixed rate.
@julyteen (13259)
• Davao, Philippines
27 Jan 13
Better to avail the foreclosed because of the less price compared to the new. Besides, it's easy to remodel if you want to