If I buy this house....
Holly D
5 years ago
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sherri1058
5 years agoRelated Discussions
Oleander - did I just buy a house plant?
Comments (4)When planted in the ground, they can be successfully grown in Z7. I have one that has braided stems, to form a tree and a friend has one that is several years old, in the middle of his front yard, unprotected. The standard species form can become quite large. I have seen them in downtown Savannah, GA that are at least 15x15ft. There is a dwarf form, which is planted in the median of I-95 through GA, that only grows to about 5x5ft. in size. I doubt that animals would be interested in this plant, as it is one of the most poisonous plants in the world. But humans don't have the sensitivity to avoid toxins. Placed near the South facing foundation of a heated building and covered with frost cloth, burlap or a "shrub coat" and protected from cold winds, you might be successful in growing them as a garden plant. For insurance, take cuttings before first frost and root them indoors, for planting next year. Rb...See MorePart Deux: Should I buy THIS house?
Comments (9)Been there. Had perfectly nice home in nice suburb. Didn't *have* to move. Didn't *need* more space. But, after living there for 30 years, DH retired, DS grown and married, we wanted *nicer* home in *nicer* suburb. We found our home after looking for six months, but didn't buy it until three years later. The seller would not come down 6% to appraised value although the house had been on the market for years and she had a reverse mortgage. Two years after she rejected our offer, we approached her directly and paid the same asking price. It was still over appraisal. We were paying the same asking price, but she was getting 6% more by selling direct. OK, so now we own the house. We'd planned to remodel extensively -- everything you outlined for your purchase plus replacing a virtually flat roof with a 10/12 pitch roof; creating a mudroom from one of the garage spaces and adding another space at the far end of the garage; replacing landscaping around the house -- rest of the acre was lovely (main reason we loved the property). So...ready to remodel. Wait. A portion of the house is SINKING. Plus, every GC we spoke to said it would cost more to remodel than to tear down. Our $150K remodel turned into a $350K new build after teardown. If we had not had the resources, this would be a tale of woe, but...we are delighted with the house, and the upmarket for the last five years has left us dollars ahead. The acre + ranch next to us sold in 2002 as a teardown for just under what we have in our land and house. Ours is one of the smaller homes in the area. We're ahead in contentment --and financially, at least for now. I'm saying all this because you need to be ready to do MUCH more to this property than you now estimate. And the current market is vastly different from 2000, when we bought. (If you are staying a long time, that doesn't matter as much.) Can you remake this house and still have less invested than the value of neighboring houses in good condition? You don't want to own the most expensive home in a neighborhood. Can you stay in your present home until this one is ready? You'll have to work with the HOA. It could take a year or more. It seems to me that this is a "good deal" only if you can buy it for near land value; are prepared to spend what it takes to re-build or build new; are OK with how much time and effort this will take. Near our home is a development where just one house is EIFS. It has consistently sold for less than its comps that are not EIFS. A realtor owns it now and is in the process of removing the EIFS and replacing it with true stucco -- before putting it on the market. She's owned it for three years of high appreciation in the area, so will still come out ahead even with the replacement expense. Im not sure how you would fare if you had to sell before the market stops dropping -- if it is dropping in your area as it is here....See MoreShould I buy a stucco house and reside it?
Comments (18)40 years ago we bought a stucco house that was at that time about 80 years old. It was 3 stories and 5200 sq. feet. The stucco was black with carbon and age and was cracked in many places. We patched up the damaged parts and then re-painted it with latex acrylic and a large fluffy brush. Yes, it took around 20 gallons of paint because it just soaked right in but the house was still original. It was the original home of Edward Hines of Hines Lumber in Oak Park, IL. The inside of that house was full of oak woodwork/wainscotting, etc., solid oak hardwood floors, marble baths/shower and was just an incredible house in bad condition when we bought it. We restored it, sold it for twice what we paid in the 70's which was $165,000. That house is still standing, still has a stucco exterior, and recently sold for close to $1,000,000. (Great house, great suburb of Chicago and GREAT PROPERTY TAXES....See MoreI would buy this house if I was handy with buidling things
Comments (17)We have a large property and saw a Tiny House that was being sold and thought about buying it and AirBnB-ing it. It was pretty cool, and completely self-contained, with solar power, a rain catchment and gray water filtering system and a composting toilet. But after looking at it, it really seemed it would be way too much work for us, and would likely entail a 45 minute briefing for any guests. We decided to pass, but then the person who did buy it contacted us because the location she was going to place it changed their minds so she was asking where we were going to place it if we had we bought it. We worked out a deal and It is now on a remote part of our property, with beautiful mountain views. The owner is a retired traveling nurse who is about 4' 10" tall with a tiny little yorkie, and although she has lived a bunch of different places over the years including a sailboat, she has had trouble adjusting to living there. The solar power system doesn't produce enough even on the sunniest days, the water system takes constant care to avoid it becoming fouled (and foul smelling) and in the winter the lines froze and cracked the pump, and shortly after moving in she tumbled down the too-steep stairs, and broke her wrist. She now has a generator to supplement her solar panels, and has found the right soap products to avoid messing up the water system, and has an outdoor living room space with an outdoor carpet and some lawn chairs and a fire ring and seems to be finally getting the hang of it, but more than a few times she has seemed ready to just set it on fire and walk away....See Morezmith
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