Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
I came across a home that was completely remodeled after an fire due to electrical issues. The remodeled is done from the slab level except the exterior brick wall, which included plumbing and all the electric wiring.
The house is priced according to market rate with no option to negotiate.
Would you buy such a house? the benefit could be you are getting a house which is remodeled and have all the energy efficient features in an neighborhood with old houses, not sure about the con but it could be issues while selling the house in future, you wont be able to determine the condition of structure etc.
If the home was permitted, inspected, and everything was safe, I would definitely pursue it.
Why is there no option to negotiate? Everything in Real Estate is negotiable.
And if you were to buy the house, you would have an inspection that would be able to tell you about the issues of the home too and could find out by the inspector if he thinks there is a chance for the structure to sink in the future.
When you say "old" is it in a historic district with a board who would care about their historic homes and be involved in having it in good shape?
And you'd have the inspection as mentioned. If you get a loan on it, you'd have the appraiser also.
When you say it's really redone in an area of old houses....do you mean in a nice historic area and you get a deal?
Or that it is better than the other homes? Will you have the best house in a ragged neighborhood? At a good price, you could be happy as long as you will be happy in resale. And as long as you're happy with your neighbors.
When you say "old" is it in a historic district with a board who would care about their historic homes and be involved in having it in good shape?
And you'd have the inspection as mentioned. If you get a loan on it, you'd have the appraiser also.
When you say it's really redone in an area of old houses....do you mean in a nice historic area and you get a deal?
Or that it is better than the other homes? Will you have the best house in a ragged neighborhood? At a good price, you could be happy as long as you will be happy in resale. And as long as you're happy with your neighbors.
Not a historic district, but most of the houses are build in between 1993 to 2000 in the community. The exterior walls of the house is same as others in the neighborhood, due to fire the interior is completely redone using latest stuff like latest energy efficient AC unit, latest fixtures, granite etc. Hence from inside it looks better then other houses in the neighborhood.
Not sure if the fire can impact the resale of house as currently it is a sellers market and owner already seeing significant interest from the prospective buyers, hence is pretty firm on the price. Which implies comparing to other house in neighborhood asking price is little bit more.
When you say completely remodeled does that mean the fire took the whole interior? Check the attic. Some people leave the attic alone and charred. See what they did up there. I guess new roof though?
Not a historic district, but most of the houses are build in between 1993 to 2000 in the community. The exterior walls of the house is same as others in the neighborhood, due to fire the interior is completely redone using latest stuff like latest energy efficient AC unit, latest fixtures, granite etc. Hence from inside it looks better then other houses in the neighborhood.
Not sure if the fire can impact the resale of house as currently it is a sellers market and owner already seeing significant interest from the prospective buyers, hence is pretty firm on the price. Which implies comparing to other house in neighborhood asking price is little bit more.
Of course, someone can think a house built in 2012 is old too. The average age of a house in the U.S. is 36 years making houses built in the 1980s about average age, still not old by any means, but maybe I have this all wrong or perhaps some people may think any house that has been previously lived in is old. In my mind, this is an old house
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
