Last Friday, we toured houses 24 and 25. This is getting ridiculous. House 24 was fine; we could live there if we had to, but it’s overpriced. This seems to be a common theme; perhaps we’re just cheap.
The funny thing about house 24 is that the sellers bought it in February of this year and paid $192k. They did some upgrades and have it priced at a whopping $239k. I can assure you they did not spend $47k on this place. Being generous, they might have put $20k into the home. MAYBE. Moving on to house 25.
House 25 is in a killer neighborhood. Priced at $249k, it is by far the cheapest place in the entire subdivision. The next highest home on the market is well over $300k. From an investment perspective, WOO HOO, right? We really liked the floorplan and the 1.29 acre lot. However, the home is 13 years old, and the roof, heating system, and A/C unit are all original. At that age, you’re flirting with replacing three very expensive items. A new roof would probably be around $9k-$10k, the heating and A/C each around $5k. Yikes.
We figure a reasonable offer is around $220k, but even at that price, it’s too much to pay for a home if we have to shell out up to $20k on a roof and climate control. Who would have thought that finding the right house would be such a colossal pain in the ass? Not me.
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