(Closed) Updated House or Fixer Upper?

posted 7 years ago in Home
  • poll: Which would you choose?
    Smaller but Updated House in Crummy School District : (12 votes)
    10 %
    Large Fixer Upper in Best Neighborhood & School District : (112 votes)
    90 %
  • Post # 47
    330 posts
    Helper bee
    • Wedding: September 2011

    I would go for the second one. But I will say that buying isn’t usually worth it unless you live in the home for 7+ years. If you can’t make that commitment to the house/neighborhood, rent instead.

    Post # 48
    642 posts
    Busy bee
    • Wedding: February 2013

    Oh my gosh I am so jealous of the housing prices where you are! Fiance and I are hoping to find a nice townhome for $300,000. Either of those houses would easily be in the 500,000-600,000 range in the city we’re looking in.

    Post # 50
    363 posts
    Helper bee
    • Wedding: April 2013

    House 2, definitely. Location is so important and it doesn’t really look like it needs updating. It looks like it’s in good working order, the updating would just be cosmetic. I would think you could easily make back the money you put into it if the neighborhood is that much better.

    ETA: didn’t see your update. Glad you went with #2!

    Post # 51
    3569 posts
    Sugar bee
    • Wedding: April 2013

    I house number two pretty much for all reasons people mention and location location location. If you are buying a house that woud appeal to young families. Even if you don’t have kids schools indicate a lot about your neighborhood and it deeply effects your property values and resale value. Right now house one may be a better option but a few years down the road when you guys are ready to sell it’s going to be very frustrating.

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