Quote:
Originally Posted by FOREVER
Follow up questions, if the budget and criteria is the same for both places:
1. Buy a cheaper place that needs renovations
2. Buy a place that fits the budget and is ready to move in
|
You always pay a premium for move-in ready.
I would say buy something in-between - livable for a while, but with a plan for renovations over the next 10 years. As long as your major systems are serviceable or have been upgraded (HVAC - ducting or mini-split heating and cooling, electrical (e g. 150-200 A panel), and modern Pex or copper plumbing, newish roof or tile), you should be fine.
You want a place with a layout that doesn't need to change, or doesn't require knocking out walls, so you can renovate without too much pain.