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Most said number 2,but what if number 2 is a 100 year old home?
That will be a very large money pit.
Regulations change,quickly.
The same with number 1-what if the ranch was built in 1987?
I would pick number 1 if its a younger home than number 2.
My sister did something similar by picking the big,cheaper home that needed renovations.
She regrets it. Having people come renovate the home disrupts your life,and its not guaranteed they know what they are doing anymore than the flippers.
Whichever one is in a better location. Location trumps house - one you can change, the other you can't.
This, but make sure you get it at the right price. You need to do your home work and have a very good idea of what the renovations will cost you lest you over pay for what could be a money pit.
I'm skeptical of flipped houses -- unless I know the flipper personally -- and don't mind kitchens and bathrooms that are older, as long as they still function. Stainless steel appliances don't perform their duties any better than black or white appliances.
A 20-year-old kitchen is no big deal. Turn off HGTV and get with the real world.
Quote:
Originally Posted by jerseygal4u
Most said number 2,but what if number 2 is a 100 year old home?
Irrelevant; a 100-year-old could very well be in better shape overall than a 20-year-old home. Did you miss the part where the OP said the second home was well taken care of?
It would also depend on the part of the country you are in. Here in NC there is absolutely no way I would buy a house that didn't have air conditioning.
There's no way any house in the South would be habitable after 40 years on no A/C in the South. You'd probably get infected from the mold just by looking inside.
There's no way any house in the South would be habitable after 40 years on no A/C in the South. You'd probably get infected from the mold just by looking inside.
I grew up in the south with no ac. It wasn't all that common to have ac until the last 40 years or so, and there were lots of old houses then. A well-cared-for older home wouldn't be packed with mold.
I remember the screen doors on the old gas stations, hardware, and grocery stores - usually had a metal thing in the center that said something like "Come in - it's cool inside!"
If you're smart, your preferences change far less often then the trends. Ignore the trends, go with option #2 and make the house how you like it.
If the way the house is works for you, and the kitchen and bathrooms work and how they 'look' doesn't bother you, why even change them? If you own it long enough it becomes a classic, like "mid-century modern" did, and you will get big bucks for it being original. Focus on keeping the structure safe and sound, and the house will be fine. Also, buy the better neighborhood - you will regret a poor neighborhood far longer than an 'outdated' kitchen.
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This, but make sure you get it at the right price. You need to do your home work and have a very good idea of what the renovations will cost you lest you over pay for what could be a money pit.
