UnThreaded | Threaded | Whole Thread (13) | Ignore Thread Prev | Next
Author: millerpim Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 128403  
Subject: Re: 1st time buyer dazed and confused Date: 12/12/2000 1:59 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0
Well, everybody is different. Take me, for example. I wouldn't buy a house that was completely remodeled because it wouldn't reflect my personality, and, quite frankly, I enjoy doing remodeling. It does give you more house for the money. And it increases your resale ability.

If you remodel it yourself, you can do it on your own schedule, as little or as much as you like. My monthly remodeling expenses run about $300 to $500 or so, which is affordable to me. This way, I can do monthly projects that would cost me $2,500 to $3,000 if I hired someone and greatly enhance my equity along the way.

If you like the location of the house that needs remodeling, I would buy that one. You might get tired of a "perfect" house in the wrong location and it might be harder to sell down the road. You can always fix up a property. It's a real pain to move it.

Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (13) | Ignore Thread Prev | Next


Useful Resources
Our Home Center has all you need to make buying and owning a home a great experience. Get or refinance a mortgage and much more!
Buying/Selling a Home FAQ

Mortgage Professor
Offsite resource for mortgage questions.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.