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would you rather have a house that needs work or basically new? email this discussion to a friend?

myLot reputation of 97/100. 2kidsandapup (711)   ranked 25 out of 712 in buy a house2 years ago

I wouldn't mind having a house that needed some work, so that I can do whatever I wanted as far as remodel but as long as it wouldn't cost me that much money, but mostly we are looking for a house that needs very little to no work done. we've seen a few houses that needed so much work done on it, it'd probably cost as much to fix it up as it would be to buy the house. but I guess if that's what you are looking for is to fix it up and then turn around and resell then I guess it's a good buy. what do you think?

 
 
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scarlet_woman (9090) response was accepted on 4/9/2008.
denotes best response.
tags:  remodel, new home, fixer upper, houses, fixer-upper
 
1. myLot reputation of 99/100. scarlet_woman (9090)   2 years ago

well..i'm the 5th generation to live in the same house,and let me tell you..i have days where i wish i had a new house.
but,by the same token,newer houses to me don't have as much character as this old one.but when it's over 100 years old,unless it's been kept up all along there's quite a bit of maintenance.

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2. myLot reputation of 99/100. sherrir101 (2918)   2 years ago

I think I would rather have a fixer-upper. As long as it were 'minor' repairs. Doing it this way would make it truly 'mine'. I have seen the 'major' fixer-uppers on TV and I don't think that I could handle the stress from this.

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3. myLot reputation of 95/100. hcromer (2417)   2 years ago

I love to find older houses that need work since they're so much cheaper and you can do everything to your own liking. The only drawback to that is you can still end up spending just as much as you would have on your dream home that was already ready to move into from the start. It's kind of a catch 22 so it depends on how many specific designing things you want to do with the house. You could buy a new one and still have to fix it up to your specifications.

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4. myLot reputation of 99/100. carolbee (6809)   2 years ago

If you like to do repairs or replace things, you might want to look for something that is slightly cheaper and easy to remodel.

Our house is now 43 years old. We've lived in this house for 34 years. It needed very few repairs when we moved in although I chose to recarpet the rooms. One room was painted orange and had green carpeting. It was awful looking. We spent what we could afford to buy the house and do repairs. At the time we moved in, we had one daughter. We added two more daughters as time went on and our three kids now are grown and moved out.

If we were to buy something new right now, it would be a newly built condo. We could downsize and be happy. We are in such a good area now and a great school district that it wouldn't be difficult to sell this house. I am not ready to move even though my husband has mentioned many times we should get something smaller.

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