04-29-2014, 10:43 AM
It's all relative, I guess. From the pictures, that place is a mansion.
My daughter and son-in-law bought a small house near Ithaca for about $60k. It needed everything: new floors (slab was crumbling), walls, bathroom, exterior boards, paint, wiring, plumbing, new porch, etc. A mechanic had lived there with his dog; the dog had peed on the hall walls and floor. The kids put five years of back-breaking work into it, and sold it for $120k. I guess it paid them back for the work, and they gained a huge amount of experience.
After a couple of years they moved to Virginia and bought a foreclosure for $150k. It isn't as bad as the first place, but the first thing James had to do was crawl under the house and jack it up. It's pretty nice now, but they're still working on it, in between work and kids: new flooring in dining room, new master bathroom, etc. Fortunately James can do his own electrical and plumbing work.
/Mr Lynn
My daughter and son-in-law bought a small house near Ithaca for about $60k. It needed everything: new floors (slab was crumbling), walls, bathroom, exterior boards, paint, wiring, plumbing, new porch, etc. A mechanic had lived there with his dog; the dog had peed on the hall walls and floor. The kids put five years of back-breaking work into it, and sold it for $120k. I guess it paid them back for the work, and they gained a huge amount of experience.
After a couple of years they moved to Virginia and bought a foreclosure for $150k. It isn't as bad as the first place, but the first thing James had to do was crawl under the house and jack it up. It's pretty nice now, but they're still working on it, in between work and kids: new flooring in dining room, new master bathroom, etc. Fortunately James can do his own electrical and plumbing work.
/Mr Lynn