this is my first post in the Home Improvement forum and I'm quite pleased to be doing so!
It's been about 5 weeks or so now since we moved in to our first home. We were looking for homes in the 150-180K range but we didn't find much at that price. We just happened to be driving around on a Sunday looking for open houses and stumbled upon what would eventually become our new house. It was up for 209K and had already been dropped from 219K. It's a 1100sqft raised bungalow, with garage and walk out basement. It's got over 112ft of frontage, which for the city and area its in, is pretty unheard of.
The house was standing vacant because the owners had moved into a retirement/nursing home, which meant their kids were dealing with the sale of the house. We came in pretty low with all the appliances etc. included and they came back only a couple grand higher. All said and done, we got the place for approx 190K. Winning!!
Anyways, the reason it went so cheap is due to the place being quite dated. It needs new flooring/carpets, new kitchen, new bathrooms and paint. The roof was done in '07 and the AC is brand new '11. 2 Beds up, one down. descent size kitchen, two bathrooms, one up with tub and one down with shower. Huge rec room (24x16) with wood burning fireplace insert, and last but not least, a nice extra long garage. The house was built in 1976 by a well known Mennonite builder in the area who is still building houses today. Basically, that means the house will stand for a long long time to come.
So far, I've made a few mild improvements which include:
New A/C unit
Ripped out a few overgrown bushes in the back yard (to make room for the BBQ)
Gas line for BBQ
Satellite Dish and ran the cable for it (they were an old dutch couple that didn't watch tv)
Immediate future plans include:
Gutting the back yard of the rest of the over grown bushes, garden, etc.
New Fence across side of back yard (old one blew over in a recent wind storm)
Hardwood flooring in Living & Dinning Room
Carpet in upstairs bedrooms
Down the Road Plans:
R&R both bathrooms
R&R Rec room (including a wet bar)
Pour new concrete patio in backyard
on to the pics:
So as you can see, lots of updating required, but its got potential like crazy. The house across the street, which is not as large and doesn't have a garage, sold for 237K this past spring. So I figure I'll be able to make a tidy profit here eventually.
I"ll post up some pics of the updates soon.