Just had a deal fall thru on a house because of foundation related issues (had a great inspector that caught it). The house is 40 years old and sadly was not maintained well by the current owner.
Now I'm not sure what to do next....
I'm looking in a location in which sadly buying a 800K house will pretty much land you a dump that needs renovations! Very sad... the reason I'm looking there is because of family and the desire to be near them. Not ideal but it is what it is.
So, now I'm wondering if we should look in another town, and possibly even looking at new construction, in which 800K will at least net you a very, very nice place.
Problem is I'm scared of new constructions because they were profit generators for builders during the bubble. And the corners that were cut are definitely scary especially as the homes will age. Was burned as a child, with a new home as we had water leakage problems almost immediately, and then of course the builder then "disappeared".
I think watching Holmes Inspection also scares me when it comes to new constructions.
Been going back and forth, since I really don't want to do major work on a new home. But are the newer homes worth it? Dunno...
What are your thoughts?
Now I'm not sure what to do next....
I'm looking in a location in which sadly buying a 800K house will pretty much land you a dump that needs renovations! Very sad... the reason I'm looking there is because of family and the desire to be near them. Not ideal but it is what it is.
So, now I'm wondering if we should look in another town, and possibly even looking at new construction, in which 800K will at least net you a very, very nice place.
Problem is I'm scared of new constructions because they were profit generators for builders during the bubble. And the corners that were cut are definitely scary especially as the homes will age. Was burned as a child, with a new home as we had water leakage problems almost immediately, and then of course the builder then "disappeared".
I think watching Holmes Inspection also scares me when it comes to new constructions.
Been going back and forth, since I really don't want to do major work on a new home. But are the newer homes worth it? Dunno...
What are your thoughts?