As you know we have been looking for a home for nearly 6 months that was affordable for us. We came across a home over the weekend that suits our needs except for the overall condition. My sense is that we would need to put over $50,000 into the property to get it to the point that it is right for us. The best part is the property is way below the budget.
A couple of months ago, you recommended we look at homes that need some renovations, we are now at that point. I will give you a call on Monday so that we can discuss the options that are available to us. Speak soon Jeffrey.
A home that needs renovations isn’t for everyone, but it is an option for many. Jeffrey and his wife had a budget of $400,000, so looking at a home for $260,000 that needs about $50,000 in renovations is a “Great Deal” for them.