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Ouch. 1.2M plus cleanup costs for the lot. You will end up with something amazing but it won't be a whole lot cheaper than option 3 once you need to rent a place to live while building it.These are two properties close to our house...
The first property is the one I'm interested in...the obvious wildcard is how much can I sell for...and how much would I be able to buy for...
This one is just WAY the eff out of our budget...
You know my buddy Cliff? Getting married, they were looking for a house and all I heard was "Prices are stupid blah, blah, blah." They found one, grumbling about the price, and a year later it was "Look at me. I'm a land baron"
Always happens in the same way...every single time.
I figured we overpaid for our house and there would be a retraction and we would be the high water mark for five years or so. It was a house we liked and wanted to live in for a long time so buying something that wouldn't cripple us financially was more important than buying the best deal we could find. Since then, it's up over 60%. wtf do I know. Timing is almost always luck.
My only regret is not buying a house in Erin Mills that was back facing onto a park walkway. Beautiful back-split, 5+1 layout, nice fireplace, office space, living space, and large bedrooms.
First one looks nice but there is already a Kevin alert in the pictures.... Electrical panel cannot be behind the washer and dryer, even worse like that. To fix, relocate laundry, plumbing etc. $$$$$s. My guess no permits on the laundry room, so what else....These are two properties close to our house...
The first property is the one I'm interested in...the obvious wildcard is how much can I sell for...and how much would I be able to buy for...
This one is just WAY the eff out of our budget...
That electrical is horrible. I didn't look through the pictures. I could tell from picture one which type of house it was going to be. Polish and sell, hide any problems. I'm surprised they didn't hide the panel in a cupboard.
Now that would be an interesting discussion lol.
I meant polish as in shine, not polish as is polak.
The upside to crazy house prices is requiring a mandatory $1000 inspection before closing would be immaterial. Hell, even better make the inspection mandatory before listing.
Oh I know…but I stand by what I said! The Polish polishing up houses for sale.
I would hope there were multi-million dollar houses as they are looking for multi-millions for a lot with a liability on it.
This kills me -- street behind us, this is a tear down -- land value only.
Now I think things are nuts.
The $1,000 yes it’s nothing. But the additional 20-30k to make sure you did it right isn’t immaterial.
Sounds like a ‘we ran out of money so you deal with this’ type of deal.
This kills me -- street behind us, this is a tear down -- land value only.
Now I think things are nuts.
That matters for the seller not the buyer. It would drastically alter how houses are modified quite quickly. If the seller is the one stuck with the six figure bill to fix their shady electrical, they would pay the five figure bill up front next time to ensure they didn't have issues.
This kills me -- street behind us, this is a tear down -- land value only.
Now I think things are nuts.
It's not like they took out a load bearing wall in the kitchen. . . . Oh wait. At least they replaced it with a beam. . . Oh wait.
Doooo it.
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