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What would you buy?

A 350+ per month smaller mortgage is pretty appealing especially if you like the old one. Your getting it cheap enough that if/when you want to move renting it becomes a good possibility.
The older one has lots of advantages, I'm pretty much paying almost just the value of the land on that one...and obviously I have room to expand the house to wherever I damn well please, also it has no HOA which I kind of like since sometimes they restrict breeds or pet allowance amount (I have a 4 dogs and one of them is a great dane) but at the same time it has low ceilings, a creepy ass attic and smells like old people, lmao (couple of old timers lived in it, nothing some airing out wont help :D) it also has wood decorating the walls which I'll probably tear down in the long run and it has 1 bathroom but is plumbed for a second one in the master bedroom, I kinda like the idea of doing things in a house and making it home which is why I like the old one, but I want the input of peeps who own homes and what they think...
 
The older one has lots of advantages, I'm pretty much paying almost just the value of the land on that one...and obviously I have room to expand the house to wherever I damn well please, also it has no HOA which I kind of like since sometimes they restrict breeds or pet allowance amount (I have a 4 dogs and one of them is a great dane) but at the same time it has low ceilings, a creepy ass attic and smells like old people, lmao (couple of old timers lived in it, nothing some airing out wont help :D) it also has wood decorating the walls which I'll probably tear down in the long run and it has 1 bathroom but is plumbed for a second one in the master bedroom, I kinda like the idea of doing things in a house and making it home which is why I like the old one, but I want the input of peeps who own homes and what they think...

It sounds like you are leaning towards the old one, I would too. Especially with the dogs that yard will be priceless.
 
The answer is really simple here:

1. LOCATION LOCATION LOCATION!!! Cannot emphasize that enough. Whichever is in the neighborhood that is better quality and looks like it's gonna keep going that way is the one you focus on.

1A. Assuming they're in the same neighborhood, the one that's on the quieter street.

1B. Assuming they're both on dead quiet streets, an insured, guaranteed home inspector's report is the deal breaker, totally worth the money.

When you go into ANY house you are very, very foolish if you hope for the best. What you do is expect the worst and prepare for it, then add another 15% to 20% of what you think that worst is gonna cost you.

I cannot emphasize this enough, there is NOTHING worse than being trapped in a house that you can't sell because you're not sure you'll make enough to pay off your mortgage and have down money for a new place.

And another FYI, animals on a property automatically make it about doubly hard to sell, so you really, really want that place to have resale value from the start.
 
If you're torn between the two.. consider which one is in a better location

If it was my choice i'd take the newer home... less work long term.
 
The answer is really simple here:

1. LOCATION LOCATION LOCATION!!! Cannot emphasize that enough. Whichever is in the neighborhood that is better quality and looks like it's gonna keep going that way is the one you focus on.

1A. Assuming they're in the same neighborhood, the one that's on the quieter street.

1B. Assuming they're both on dead quiet streets, an insured, guaranteed home inspector's report is the deal breaker, totally worth the money.

When you go into ANY house you are very, very foolish if you hope for the best. What you do is expect the worst and prepare for it, then add another 15% to 20% of what you think that worst is gonna cost you.

I cannot emphasize this enough, there is NOTHING worse than being trapped in a house that you can't sell because you're not sure you'll make enough to pay off your mortgage and have down money for a new place.

And another FYI, animals on a property automatically make it about doubly hard to sell, so you really, really want that place to have resale value from the start.

debbie-downer-7.jpg
 
Go with the new home. The maintenance and upkeep on an old home is outrageous and believe me, let an air unit go out and its $7500.0 dollars.
 
I prefer to think of myself as Peggie Pragmatist.

My house was built in 1921, that's pretty old, right? And my husband's previous house had a pool. I can think of all sorts of problems that can crop up between old house + pool, especially when you add in the fact "it's a steal." If the pricing isn't in line with the overall neighborhood then something(s)really frigging expensive is wrong with it, especially if it's been on the market for a while.
 
The new one...

139k for a house, holy shit, can I have two please?

Yeah, check out real estate prices in Oz...

Def, the new one, buy the old one and you'll regret the decision within 3-5 years. Buy the new one, get on top of your payments and you'll be :D









b0und (2 cents)
 
new house sold... so we made an offer on the old one.... next week we inspect, lets see what happens.... again it's concrete with a metal roof that has 40 yeards left in it so other than A/C, electrical or plumbing what else could go wrong? (oh and there is a 1 yr warranty on everything and I can extend it year to year for like $500...
 
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