When we started looking for a new house, we wanted something a little older and closer to work. It also needed to be what most would consider a "fixer upper". My goal is to take the money we save by buying a place in need of work and sinking that money back into it in updates. In theory, this should boost the value of the place quite a bit helping us build equity quickly. We found a couple of places we wanted to put offers in on, but they were all sold before we could have an offer written. Since our offer would be contingent on our selling our existing house first, we wouldn't have a great chance at getting the house we want if we couldn't unload the existing place first. As luck would have it, we accepted an offer on our place just over a month after listing it (not bad considering we listed it just before Christmas) and also found a place which fit our needs vacant and ready to go. It was more expensive than we wanted, but it was too good of a deal to pass up.
Here's the starting point - a brick ranch in solid condition:
What kind of work does it need? Well, it hasn't been updated in at least 20 years. The paint is old, the carpet is dated and ugly, the kitchen and bathroom flooring is shot, the kitchen is out of date, there is no dish washer or disposal, the roof needs to be replaced, and the bathrooms are nasty. Other than that, it's in pretty good shape! Don't believe me? Here are a couple of additional pictures showing how dated the place is/was:
The kitchen
The Living Room
The Family Room (2nd Living Room??)
Brown carpet, fake brick, fake fireplace, and wood paneling. Yeah, that's going to change. Over the next few days/weeks/years, I'll try to update this blog to reflect the work which is being done to update the house.
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