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Author: Gingko100 Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 127262  
Subject: Re: To Buy or Not to Buy Date: 2/4/2014 5:17 PM
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I'm a construction professional, and I STILL wouldn't buy a gut project as you have described. It's a full time job to renovate it, plus the budget will far exceed whatever you budget for the work (hidden conditions need construction contingency, and what you describe needs well more than the average). Do you, as a new home buyer really want to stretch to 50% more than you can afford, plus the unknown construction costs, plus take on a full time job as construction PM? Really?
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