My fiance and I are on the fence about purchasing our 1st home. Here are the details
100 year old house. Youngest child is selling to settle estate of two parents who recently passed away.
3 bed 1 bath
on 1/2 acre, yard slopes down to trout stream.
Out of town
6 years ago the house was updated through HUD. Updates are as follows...
New electrical wiring through out entire home
New roof/decking in attic
Blown in insulation
New septic/leech field etc.
hot water heater/water pump
Heat is forced air/oil
New siding (blech)
Most plumbing is new as well
New vinyl windows
The house is outside of town but with neighbors who are good people. It is in dire need of TLC on the inside. Cosmetically it is hurting. Bathroom needs to be redone (it actually has cedar shake in the shower)! Lathe and plaster through out but not all walls will need to be redone but most ceilings and walls will need to be replaced or patch.
We have looked at it 3 times, last time with a contractor who said the main foundation/sills are in good condition but the back foundation, where the kitchen and storage are has some rot on one side due to poor drainage of neighbors raised driveway... Old dug well may need replacing someday but is fine for now. The house is also full of CRAP!
they are asking 40,000. Realtor says they are willing to go in the 30's. I say offer 25!
Question is, what are we missing? Is this a great deal? It seems all major updates are taken care of. We do not have experienced family to go to for advice... Talk this out with me please! haha
100 year old house. Youngest child is selling to settle estate of two parents who recently passed away.
3 bed 1 bath
on 1/2 acre, yard slopes down to trout stream.
Out of town
6 years ago the house was updated through HUD. Updates are as follows...
New electrical wiring through out entire home
New roof/decking in attic
Blown in insulation
New septic/leech field etc.
hot water heater/water pump
Heat is forced air/oil
New siding (blech)
Most plumbing is new as well
New vinyl windows
The house is outside of town but with neighbors who are good people. It is in dire need of TLC on the inside. Cosmetically it is hurting. Bathroom needs to be redone (it actually has cedar shake in the shower)! Lathe and plaster through out but not all walls will need to be redone but most ceilings and walls will need to be replaced or patch.
We have looked at it 3 times, last time with a contractor who said the main foundation/sills are in good condition but the back foundation, where the kitchen and storage are has some rot on one side due to poor drainage of neighbors raised driveway... Old dug well may need replacing someday but is fine for now. The house is also full of CRAP!
they are asking 40,000. Realtor says they are willing to go in the 30's. I say offer 25!
Question is, what are we missing? Is this a great deal? It seems all major updates are taken care of. We do not have experienced family to go to for advice... Talk this out with me please! haha