(Closed) Which house would you buy?

posted 5 years ago in Home
  • poll: Which house would you buy?
    House #1: LEAST EXPENSIVE : (7 votes)
    21 %
    House #2: MOST UPDATED : (3 votes)
    9 %
    House #3: MOST PRACTICAL : (23 votes)
    70 %
  • Post # 2
    Member
    9525 posts
    Buzzing Beekeeper

    1. House one I was get a quote from a contractor first so you know what your final price will be in the end to live there comfortably

    2. I don’t know about your area but in ours house under 3 bedrooms are difficult to sell and usually end up being sold under value. That is very subjective and general though. Again, ask an expert in your area

    3. It sounds like a nice house but that you don’t love it. Both of you should love it.

    I don’t know?? Sounds like you need more information and a long discussion with your husband on what you both want.

    Post # 3
    Member
    11179 posts
    Sugar Beekeeper
    • Wedding: City, State

    Location, location, location.  If having back neighbors is an issue, then house #3 isn’t your best option.  I know you want your forever home, but things happen in life.  It’s important to always consider resale.

    As for House #1, can you DIY the renos or handle the costs?  Have you gotten a couple of estimates yet?  Can you live in a house while renos are going on without going stark, raving mad?  This one shouldn’t be a serious contender until you’ve got the costs down on paper in front of you.  Structural problems make me nervous.  I’d want a couple of contractors to do a thorough inspection.  Can you finance it at all?  Banks won’t lend on a house that needs too many repairs.  Can you finance the cost of repairs?  FHA has a loan program for that.  Just be sure you know what you’re getting into.

    I’m a licensed real estate broker, so ask me anything.  Although my expertise about the actual transaction is limited to CA.

    Post # 4
    Member
    1460 posts
    Bumble bee
    • Wedding: August 2015

    #1 sounds lovely!! I love homes that you can upgrade and change to make your own ๐Ÿ™‚ I didn’t vote for #2 for that reason. It sounds like everything is done. I said #3 because it’s the most practical! you can grow into, change it to make it your own, and it has the most sqft…which helps a lot!!! 

    The biggest thing I looked at when we bought our house was floor plan! Was it something I could see myself in and live with for the next 10+years!! Its easy to add charm to a house, but not so easy to change the layout ๐Ÿ™‚ good luck bee!’

    Post # 5
    Member
    11179 posts
    Sugar Beekeeper
    • Wedding: City, State

    With the exceptions of senior communities & resort complexes, 2BR units are a negative here as well.

    Did I misread OP’s post?  I didn’t think any of the options were 2BR.

    I’ve bought lots of houses I didn’t love.  It’s better if you buy real estate with your head instead of your heart!  Of course, it’s a personal choice.  It’s business to me.  And I’ve still made very expensive mistakes.  I just worry about first time buyers falling in love with the wrong house & regretting it later.

    If you have a good real estate agent, she will be looking out for your best interests.  Too many agents want to show you only the homes with the higher commissions, so be proactive.  See if your local MLS has public access.  A lot of them do.

    Post # 6
    Member
    5789 posts
    Bee Keeper

    I’d pick #3. Not sure how spacious rooms can be in a total sf range of 1000, so the 2 smaller ones would be off the table for me. Curb appeal is wonderful and many,many things can be done to enhance it or change it down the line. Knowing what I know now, I’d always pick the one with the most space.

    Post # 9
    Member
    6269 posts
    Bee Keeper

    I’d pick house number one. I don’t know what building/planning regs are like where you live compared the the UK but it sounds like with all that land they’d be scope to extend as your family grows.

     

    Its the the one you sound most connected to.

     

    its the the sensible choice too (if you don’t mind building work) as it sounds undervalued and there’s a lot of scope to add value.

     

    So house number one would be my first choice for you from your post, house number three the second choice. Scrap number two off your list. You don’t sound like you like it much. 

    • This reply was modified 4 years, 9 months ago by Profile Photo UK-bee.
    • This reply was modified 4 years, 9 months ago by Profile Photo UK-bee.
    Post # 10
    Member
    436 posts
    Helper bee
    • Wedding: September 2015

    Just like House Hunters! ๐Ÿ˜‰

    If you’re up for the fixes, I would go for #1. It sounds like your favorite and seems to have the best potential resale value, and $75k should get you pretty far on the updates. Like the previous poster mentioned, could you potentially add an addition later?

    The advantage of #3 is that it could be a forever home, but do you want it to be a forever home if you’re not both in love with it?

    Best of luck!

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