Fixer upper divorce reddit It's a fixer-upper, and we have fixed about 20% of the limitless Found an acceptable fixer upper to live in, but it's listed at $500k, on market 90 days. You could tell she was outside of her comfort zone and relied on the same looks in every house. We closed on a fixer upper in June. One house had been bought as a fixer upper and was partially renovated but the couple was getting a divorce and weren’t going to finish it. Get the Reddit app Scan this QR code to download the app now. The design choices are sometimes really bad. Some kind of bias by buyers under-estimating cost of work. A fixer upper will need to be taken apart then have the mess cleaned up and disposed of and then you bring in the new materials to put it back together. aiming to bring Reddit's attention to the significance of our concerns regarding the recently What are your experiences or opinions on fixer-uppers vs move-in ready? I am in love with a house that needs a lot of cosmetic work and probably a few non-major other fixtures, but my husband is wary (he also is admittedly not very good at seeing what it I'd still take a fixer upper. A forum where SDs and SBs discuss the sugar lifestyle, share experiences, and learn from one Fixer Upper Has anyone bought a house that needs to be torn down at some point? As a first time home buyer, I’m a bit worried that getting a mortgage and a construction loan will make our family’s financial situation too leveraged, but I also don’t want to miss out an opportunity to buy a place at a cheaper price. Fixer Upper What sort(s) of issues would you guys consider buying with a new place? I have been kind of getting frustrated with a lot of places selling super quick or just spiraling into bidding wars and wondering if I should just lower my expectations and buy something this is ugly, and then put in the work to fix it up. I do get tired of the same aesthetic and the typical reality show setups, but can mostly look past it. Look for a house that is structurally sound, also I would only suggest fixer upper to people who can do most of the work themselves and perhaps have friends and family in construction and can help. For them, it might be worth it. He could live in a literal barn, but the unfinished projects bother me. I'm at about 40K into the house and have another 25K to gobut I'm doing all the work. Every single time I flip to hgtv, it’s Fixer Upper episode. It’s was also a zero down loan. A lot of fixer upper homes are $300-350k at least if we don’t want to downgrade in square footage from our current situation. Get a solid fixer upper in a park with strong management and fairly enforced rules and you can have a good life. Those houses are out there. I'm contemplating renovations to expand the kitchen and family room bath and would seek input. I bought a house for 75k worth 270. and the movies! Please read the rules and FAQ prior to posting I hate Fixer Upper. Be the first to comment Nobody's responded to this post yet. Constructed around 1900-1917 or so. Please remember: Reddit IS NOT a replacement or substitute for a qualified solicitor, and any advice given here which relates to the law is purely Yeah, you're not going to get a fixer upper with a VA loan. If you need to get people in, that'll eat into whatever you have saved by How to finance a fixer upper (and any other advice?) Need Advice Hi, I'm 23f and absolutely stupid about this whole homebuying process. Unless you're a contractor who has a team. Others (like me) don't. Our agent personally knew the estate owners. rent for a while then start looking for a fixer upper maybe 30 minutes north or south of here (housing is cheaper there). A reddit for the new Focus ST, spiritual successor to the Focus SVT. When I was in college, my parents bought a cheap fixer upper for my brother and I to stay in for free. Usually they tend to be priced lower. Stuff like fixing the carpet at the top of the stairs, fixing the lattice on the back deck With the market being what it is right now, I would not buy a fixer upper if I had to bid way over asking. My main regret was hiring a seemingly reputable inspection company, who then My mother-in-law just had to have an antebellum home so they found one in a small town that was a fixer upper. Seeking guidance, tips. It’s sitting on . 4 acres of land. Troll Duet: That's a little outside of nature's laws! Small Group of Trolls: So he's a bit of a fixer-upper, But this we're certain of You can fix this fixer-upper Up with a little bit of love! If your only advice is to jump straight to NC or divorce, your comment may be subject to removal at moderator discretion. Also it's more of a cosmetic fixer upper so we can take our time. Labour/materials/property prices are all fucked at the moment Look on the property price register for similar houses in the same area that were not fixer uppers, see if your fixer upper plus renovations equals their sale price. This subreddit is for the discussion of competitive play, national, regional and local meta, news and events surrounding the competitive scene, and for workshopping lists and tactics in the various games that fall under the Warhammer catalogue. It has foundation issues, wood rot, etc. Hi real estate Reddit, short while lurker, first time poster. I’ve been having You just have to look through the listings. The site rent will go up every year so imagine you will be paying double in 10 years but otherwise it’s much more freedom and space between your neighbors. The house is in a great neighborhood and has a view so it was worth it to me. And Joanna’s designs all have the same look to them. Everything else is good like the roof, foundation, and A/C. But some people like the challenge, some people like making a space their own. maybe sledgehammers involved haha, non functioning plumbing. Price wasn’t bad, but man it needs so much work. 19M subscribers in the personalfinance community. I was scared that mediation was going tobe a horrible waste of my time and money because my ex fought the divorce the entire time; however, the mediator not only got the assets divided without a fight, but he also got the divorce done. Or check it out in the app stores The divorce decree showing that I was awarded the house was the first thing they asked for. Homes at all price points have much higher DOM in the markets I follow in SoCal. I love projects though. Every house looks the same. Plumbing and I bought a fixer upper and am going to have a contractor come in and update everything (Sheetrock, plumbing, and electrical). Buy a fixer upper in a great location at a discount because of its condition > customize to your liking > enjoy the instant equity. Most of your time and money will probably go to the less fun parts. Skip to main content. I don't want to live in a renovation or even a major update, but real estate is so insane here (500k for a starter home) that I'm getting attacked on all sides (other than my realtor, obviously) for wanting to buy turn key as it'll be max budget in an ideal area or comfortable in a less than ideal neighbourhood. Thus far we have immediately crossed these fixer upper houses off of our list due to research/word of mouth all saying this is a red flag. Learn about budgeting, saving, getting out of debt, credit, investing, and retirement planning Totally! We bought a fixer and have loved the process and customizing to our exact tastes. I got the 2nd house for 75. The house I purchased had good bones, but no flooring and bad electrical panels. Boom! A one-stop shop! No more costly divorce court. I've found a pretty fixer upper (3 bed, 1. A SAHM that has a low notch count, is feminine, caring, trustworthy, red-pilled (non/anti-feminist), etc is not a "fixer upper". Hello all! My fiance and I are saving up a down payment for a house and I'm curious as to the pros and cons of buying a turn key home VS a fixer-upper and then maybe getting a HELOC to fix it up as we go. My question relates to the financing. This is a country home built in 1921, it’s shabby chic. Three months later he was married and weeks later his son was born. Do not do the repairs. I just recently found a fixer upper for 67k no interest and 5k down. Where and how to even begin? We purchased a fixer upper in a semi rural area (maybe 10 minutes drive from grocery and 45 minutes drive to work) recently. European Cup and UEFA Champions League winners and runners-up, 1955–56 to 2023–24 I purposely bought a fixer-upper, but growing up in a 1850's stagecoach inn that was always in need of some sort of maintenance perhaps prepared me for the lifestyle that a fixer-upper demands. The house design is beautiful, as close to what I've dreamed about as I'll get in Mississippi, a bit over 1,900 sq ft, and could definitely be a forever home. Repairing those deficiencies would have eaten every bit of my liquidity. It sounds less like RVing community subreddit for all you road warriors and wagon masters! Share your love for RV news, travel, rigs, industry, business, boondocking, reviews, road stories, mods, tips & tricks, and more! Get the Reddit app Scan this QR code to download the app now. So my husband and I are currently renting a home from a person we know I’d imagine the home inspector is working for the house buyer. Then the sale. Considering buying a fixer-upper house to give myself a project for the coming months Yes, I have my regrets about buying a fixer-upper in a really hot market. We moved almost 2 years ago, but kept our old house as a potential rental property or maybe as an option for our kids. and new construction has even crossed my mind. In my area it was impossible to find a fixer-upper that could be bought with a mortgage. 14% til august). Now - I learned A LOT. If it were a choice between a 3bed fixer upper and a 2bed finished that would be one thing. Now I did it a second time lets say the same numbers. I'm in Minnesota and looking at a house in a run-down condition originally built in 1878 with a listing price of ~$200,000 and is being sold as is. We did some financing and it seems our mortgage would only be around $150 a month and we thought it would be a good idea to buy it now and fix it up while we wait for our apartment lease to end, so that way when our lease is over we can just transition into the Hello I’m 23 and I live in an apartment in Oklahoma. My pocketbook doesn'tso it's a balancing act. But unless things have changed dramatically, it's typical to have 1 week between a house going on the market (Tuesdays usually) and offers being reviewed/bidding (Mondays typically) which is enough time to get a pre-inspection so you can waive all conditions. e. Keep in mind that there are fun parts of buying a fixer-upper (restoring old flooring and trim, painting the house historically-accurate color, etc) and the less fun parts (dealing with lead paint and asbestos, inadequate electrical and plumbing, water damage, failed roof, etc). Or check it out in the app stores Are fixer uppers good homes? I live rent free with my parents and thinking about buying a fixer upper and renovating it. Otherwise your standard home that needs minor repairs can be done with a regular VA loan, however you may need to just negotiate with sellers a bit more for repairs after you get your inspection done. Same shiplap. Buy with cash from a wholesaler because that’s literally what people who want fixer upper homes are doing. Meg receives an invitation to Stile McGraw's party and requests time off of work to attend. They really did get it for a steal, but they are still finishing it up as of right now because they've had to do a lot of the work We're buying a fixer upper, we've viewed it twice, taken a million photos and use the following search parameters to narrow your results: subreddit:subreddit Bought a fixer upper/mini hoarder house. When we purchased a very similar-sounding house in ‘17 (estate owned, poorly- maintained fixer upper) we wrote a personal letter. The reddit community for TheFinanceNewsletter. A fixer upper is cheaper to buy, but that doesn't mean it is cheaper in the long run. Reddit's home for tax geeks and taxpayers! News, discussion, policy, and law relating to any tax - U. A $50,000 fixer The Fixer Upper of all Fixer Uppers — The Castle. I think they will buck the trend of sure fire Reality show divorces. You should never buy a fixer-upper unless you have experience as a home builder. I do agree that Home Town and Good Bones seem the most genuine. Other posts from u/artgala: Fixer-Upper Home, complete with JMaybeMIL, 1 day ago Just as the title states, I paid $100k for a pretty run down fixer upper house. My place had a lot of open area in the basement for an older home, gave me a good idea of if the builders gave a shit or not. It’s 2600 sq/ft with a pretty view, in a quiet and sought after neighborhood, large lot, gorgeous cathedral ceilings, close to my family, etc. Not that I mind getting a fixer-upper myself. D-I-V-O-R-C-E (Sat-Mon) Hal leaves early the next morning to fish at Pinocle Pond. So, I'm looking at fixer uppers. Since our last plan shattered because we did not understand the concepts. For me it was worth it. If the home is worth more than the loan, it is likely that the auction will reflect that. Don’t financially kill yourselves trying to get it right immediately. Also don’t like Flip or Flop Vegas. At least with a fixer-upper you can (usually) see more clearly what needs to be fixed, rather than it being hidden behind paint. My house is a fixer upper so it I recommend a fixer upper if you're willing to do a good amount of work, but if you gotta constantly come up with thousands to pay trades, it'll suck. The seller has Seems like a no brainer right No, not at all. Now the heat, electricity Renovation help I am in the process of buying my first home built by my grandfather in the early 70s. Figured we'd just have to redo the floors, build a closet to bring it to two bedrooms code wise, and we'd be good. Some repairs can be put off until later so for the meantime we are only focusing on must-haves, or repairs we strictly won't move-in without: A Reddit dedicated to anyone interested in RVing. Also, getting a loan for a fixer upper is more difficult. Any excess above what the bank is owed goes to the estate. My ex got his shit together, which not every ex does, but some do! Some absorb that divorce means they were behaving unacceptably and improve! The kids are teenagers and doing great. It was the clients brief to follow. Even if you pay people to do the work, you can design it to your needs (little things that matter like where a light switch should go or where an outlet is really needed, what kind of flooring is most comfortable on bare feetthey are silly things to consider but make a house so much better when its right). Didn't make financial sense to buy it. Her response? I learned about Reddit only because of the Dead Bedrooms community. 9 - Chasing Your Dreams | Chapter Directory | After the Divorce . Members Online • Relative-Kiwi9719. So he's a bit of a fixer-upper, So he's got a few flaws. In my area fixer uppers sell for close to what a move in ready home is worth. I can only share my experience, but I hope that’s Hopefully these fixer-uppers sit on the market and the sellers get a spoonful of reality. Searched this Reddit topic specifically to see if I was the only one that felt the bathroom design looked The condition of a fixer upper and the cost of repairs will have to be weighed against the cost of a new home or a home that's already updated. 5 bath) with - per the current disclosure - no structural or flooring damage. Members Online. And subsequently he destroyed his life and his career and it was sad. A fixer upper is good only if you and friends can do most of the work so you don't have too many contactors to find and schedule. He bought what was in our price range, and that doesn't buy much out here. You buy a fixer upper that value you add will now be equity you can borrow against. I was wondering if this could get approved for an FHA loan. And everything in the kitchen is original! I love retro and old-fashioned. My mom just sent me a listing for a home near her for $20k. Reddit's home for all things Manchester United related. Please remember: Reddit IS NOT a replacement or substitute for a qualified solicitor, and any advice given here which relates to the law is purely academic in nature and should not be relied upon. HOWEVER, it is a TRUE fixer upper. Full Rules | Acronym Index | Flair Guide | Report PM Trolls. They need to notice you off default first, then notice of sale. Ps lathe and plaster is the worst lol. I watch the Australian show, The Block and struggle to understand how the judges say a room is over-styled and it looks minimalist and then the next house they say oh well curated and styled and it's got something on every shelf including books, thank goodness they have not started the trend of book bindings facing away from the camera. A SAHM is not the same as a crazy with issues (i. To me this kinda feels like a similar situation to older generations talking about buying used cars, when in today’s market used cars go for nearly the same as a new car. I’m on year 4 and still fixing. We bought a house in a desirable part of Seattle at the last "bottom" of the market. Reply reply Reddit community for the City of Kitchener, Canada Members Online. Fixed up price probably $700k in this market, but needs roof, missing windows, internal walls (no drywall, only plywood sheathing; every floor is a single room), kitchen, and bathroom (only has a single toilet, no shower/bath). The house he's fixing up in Season 2 is a fixer-upper which he bought using his money from his contracting business in PA, the settlement from his divorce, and his personal savings in addition to his smaller LAPD Boot salary. If you're looking to finance a fixer upper, one option is to consider a renovation loan such as the FHA 203(k) or Fannie Mae HomeStyle loan. I think there are 6-8 episodes available on Magnolia Network TV and streaming. I'm at 14 months and I have another 3 to 4 to go. and then some. that’s interesting, that divorce or leaving one another is not really an option for us. I just bought a fixer upper in tx with the help of a local credit union. I've heard this a lot on Reddit and even in the local news that builders will This is my mental debate. We did a lot of the cosmetic work ourselves. Comparable fixer uppers in the area at 180+ days at $375. The house is a bit of a fixer-upper (which is how Meg described Hal to her parents when they were dating) and adult life is a little trickier than they anticipated. View community ranking In the Top 20% of largest communities on Reddit. And it’s on all the time. Exactly! I think the lake house show was on both Magnolia and HGTV at the same time the other night. In the real estate world it’s not considered a fixer-upper. A "fixer upper" house doesn't just need a paint job and new cabinets. If you don’t have fixer uppers marketed in your area they will probably be hard to find. (I have gone through a divorce after 30 years of marriage so I can relate to some of how you might be feeling, although of course everyone’s circumstances are different. If you are to hire a professional for everything you I think the conventional wisdom about fixer-upper homes is about 15 yrs outdated, following all the HGTV-style house flipper hype. Joanna Gaines' husband Chip shares opinion on divorce as he opens up about their relationship. I know very little about the process of buying a home but I'm learning! Thanks so much in advance! Thus far good. The house is a piece of crap. I grew up in a "fixer-upper". I just don't want to live with another part-time job. Hello All: I am thinking about buying a fixer-upper, re-modeling it and turn it into my "forever" home. Members Online • Didn't buy a fixer-upper per se, just a Victorian place that had the usual assortment of issues needing attention within 5-10 I don't hate Fixer Upper like many seem to. It’s financially risky (no guarantee that your investment will raise the value of the house to what you are hoping) and personally stressful (living in a house in a state of disrepair for months to years while you renovate it). At a work dinner (I work in advertising) an HGTV top exec blatantly said they left because HGTV wouldn’t meet all of the Gaines’s demands for expansion across the network (multiple shows, funding their retail brands) so chip and jo decided they could do everything they wanted to do without HGTV backing them and they left. Obviously, buying a fixer upper is going to be cheaper initially than buying something that is move-in ready with no work needed. Real Estate is very competitive here to say the least. Some enjoy the challenge of a fixer upper. Same reclaimed wood something. Enough already. The new home is a fixer-upper so we've made a list of repairs and sorted them into categories based on priority. New construction isn’t the quality it used to be, and flips often hide damage. They are pretty thorough about ensuring that it's up to standards. Neither seems to be a douche and they laugh a lot. I’m currently saving around 200 dollars a month. I’m scratching my head at where in LA you can find a house on a large lot in a great neighborhood for only 1 mil regardless of it’s fixer status. As a fixer upper homeowner this was perfect for me and I was willing to go through the extra effort. Sounds like you have a nice fixer-upper for someone who wants to chip away at house projects over the next few years. Issues such as some missing drywall, missing floor tile, no appliances, and some other things caused by a flood. The $150k will quickly add up, not to mention living in a construction zone for several years. Hell, I almost had my closing pushed back last month after failing an inspection because the plywood in a couple of the outbuildings (chicken coops) was weathered and flaking near the ground. . or to have civil discussions about it. We bought it for 325k and they tend to go for 500-700k fully renovated so it was a good deal as it was less than the average home. From road trips, advice, or buying /r/divorce_men addresses the unique challenges facing men during divorce - from custody to assets, finances, attorneys and social issues. I have dogs and a garden and plans to achieve things I want. There is no mold or anything. Reply reply After over two decades of cultivating youthful romance in The Bachelor, The Bachelorette, and Bachelor in Paradise, The Golden Bachelor introduces a novel romantic narrative - one designed for the golden years. I am very handy so I've been doing most of the work on it. 35K subscribers in the MilitaryFinance community. Then proceeded to give me an ultimatum that I could get on board with him doing it or I could have a divorce. All the houses I looked at were cases where the owner wanted/needed to sell the house right then, for whatever reason, and renovating the house and keeping it was not an option. What youre suggesting is going to make your daughter's life more miserable than it needs to be and that's something you need to accept rather than think it's going to be fun for her to help mum for years and suffer from lower achievement and possibly even poor health. My pre approval is through the states mortgage program for firefighters (2. But many people don't have the funds or flexibility to remodel a whole house like that, and a new build is much more manageable. Also you are talking about basically taking it down to the studs which will definitely push the reno budget in the 3’s. ” Currently looking to buy a fixer upper through a company that is renovating the city. It’s a fixer upper. Fixer Upper Summer Plans, 2 weeks ago The Washing Machine Saga, 4 weeks ago Discussing Fixer Upper with DH and holy revelations Batman!, 1 month ago Update on Fixer-Upper!, 1 month ago Fixer-Upper Home, complete with JMaybeMIL, 1 month ago Edit for one more point. Female Troll 2: Like his peculiar brain dear, Male Troll 2: His thing with the reindeer. and International, Federal, State, or local. The builders quote for the fixer upper was 100k. Prior to moving in, I had interior of house, all doors and ceilings painted. If what you are reading is “correct” why are there so many posters in Reddit saying there houses aren’t selling, selling below asking or selling at asking from around the country? Yes in some markets people are still paying over asking Posted by u/huskerduer - 20 votes and 22 comments Short answer. In our case we did it to convince the sellers not to list the property. I would be concerned that this person got 100 offers for 20k and is trying to sell it for 70-150k type thing rather then selling it for 25-30k as "profit" for waiting years for the transaction to I had a tiny apartment for three years and bought a house, which is a massive fixer upper. tl;dr where can I get an idea for how much home remodels cost in the Bay Area? Partner and I are looking to buy a home in the Bay Area with a budget of $1. Buying a fixer upper and turning it into a forever home. Not only did they inflate the prices for absolutely no reason, they also took off the build option I like the new plan. " Somebody suggested contrary to this in a recent comment so sharing to clear things up. These loans allow you to borrow money for both the purchase price and the cost of renovations, and can be a great option for buying a home that needs updating. Every episode they bicker about saving $5,000 on things that will make the house objectively better. Use a rehab loan for a real fixer upper that needs renovations to even appraise. Inspector could report multiple problems to the buyer who then demand the seller fix the “problems. The house was built in the 40’s, 980 sq feet with detached garage that needs a lot of love. I own it outright. com and it's 50,000 readers! (We share ideas on money, finance Hello Reddit, My fiancé and I are getting married in the next six months. I would always buy a fixer-upper over new construction or a flip. But it has good bones. If a normal home sells for $650k and an abandoned dump sells for $500k, the fixer upper is not worth it. Material and labor shortages and high prices mean work is slow right now. Just don’t expect to buy a fixer upper and make £100k profit in a few months. I. 5 years ago and it is even crazier now. Boy were we wrong. They are still pumping out the kids so the bedroom seems to be ok. We are now planning to buy a smaller (cheaper house), and perform renovations to make the space livable as we want. A house with an outdated interior is really not a "fixer upper". I somehow found a house in one of the hottest areas in the city listed at $200k (new construction going up everywhere for $350-$400, median for the big city is at least $300 and I’m only approved for $250). ADMIN MOD Considering buying a fixer-upper house to give myself a project for the coming months following divorce? Am I an idiot? Dave and jenny Marrs from fixer to fabulous bought an Italian villa and I'm so scared they're going to absolutely ruin it There was an episode from season one of fixer upper I saw where she did a mid century modern boat house and it was amazing, nothing like her other crap. A fixer-upper is just what it states. So I would consider myself primarily a Barbie collector, with a side line in Rainbow High. First fixer upper - Any advice? I am buying my first fixer upper and I’m wondering if there is any off the bat advice or guidance this community could give me as I begin this project. View community ranking In the Top 1% of largest communities on Reddit. Fixer upper with no previous experience . 5m. Open menu Open navigation Go to Reddit Home Open navigation Go to Reddit Home My house is the epitome of a fixer upper. However, I’d better utilize the large foyer to include a front closet and a powder room. Anyway. Anytime you're faced with a "fixer-upper" nowadays, you're going to be competing against cash bid flippers who are looking to put in about 50k and turn around and sell it for 300k more than they bought it for. They also asked for a quit claim deed which my ex husband had to sign, so take his name off the title of the house. He doesn’t want to do any work himself but also doesn’t want me to hire people so I feel trapped in this mess and it causes me constant stress. 22K subscribers in the HGTV community. We bought a fixer upper, and it’s been three years of fixing up now whilst living here. Reddit iOS Reddit Android Reddit Premium About Reddit Advertise Blog Careers Press. We bought a house that wasn't a fixer upper, exactly, but there were some things that absolutely had to be done for us to be able to move in, and a lot of deferred maintenance to handle, on top of which are a number of updates that are technically optional but would go a looooong way toward making the house more comfortable and functional. She's a catch for a high value man, especially if she's also physically very attractive. Any input would be appreciated. The home can be sold as a fixer upper. I personally would much rather buy a house for which I can pick my favorite appliance brand and kitchen color than the cheapest builder-grade stainless appliances that Yeah, my husband and I bought a fixer upper and we fight about it constantly. Was mostly gutted. 2-1. A fixer upper with an unfinished basement is also a great start, you can see everything and how the place was built without having to search for it. Is there any way I can finance some of the renovations with my mortgage ? Every house I tour now just doesn’t compare to the vision I have in my head of the fixer upper once I get it cleaned up. And we did budget a good amount for renovation and modernization of Our home was built in '58, and all the fixtures in the main floor bathroom are entirely mint green. Sort by: admins have the right to ban your Reddit account and have the final say. View community ranking In the Top 5% of largest communities on Reddit. Agreed, it was crazy when we bought 2. The Real Housewives of Atlanta; The Bachelor; Sister Wives; 90 Day Fiance; Wife Swap; The Amazing Race Australia; Married at First Sight; The Real Housewives of Dallas I don't have much in the way of financial advice but my parents bought a fixer upper and were always building and it was a fucking nightmare to grow up in- no privacy, sleeping on the sofa, constant building work, it's taken like ten years to get it where they want it so I would always recommend (as would they) to buy something already built to a good standard lol I’m buying my first home in South Jersey. Brad Casales (university mascot) visits and Meg thinks she has made her first friend in Sunset Valley until Hal is rude to him (because he had the audacity to talk to Hal's wife) and asks him to leave. We are here to help members of the military with their personal finance questions. We got the home. Made it nice. Our septic was cracked but everything flushed fine so no one had any clue until they scoped it, if we didn’t we would of been stuck with the 20k bill to replace it. S. Divorce ended quickly. For a Reno, even just buying a $150k fixer upper and putting $50k into it for a grand total of my $200k budgethow would that financing work? Yes, I agree. << Ep. And I should clear about 200K from the upgrades. I guess it just depends on your comfort level. infidelity, abuse, etc). Planning on paying cash for a property that is in need of renovations, say $50k. We are about to qualify for a $170,000 loan and were curious about fixer uppers. We got the divorce. , a "fixer upper"). Bought a (technically) 1 bedroom house in southern Missouri for 35k. Otherwise a complete disaster in terms of plumbing and electrical. The septic system is noncompliant, there's no drywall My neighbor recently passed away, and his sisters (sole heirs) don't want the his house. From what I can tell it was totally gutted around the 1970s down to the studs and finished by otherwise good carpentry skills, kept the original trim moulding and everything. However, if I'm going buy a fixer upper to live in long term (not to flip) and will spend money on renovations anyway, how much money does one typically save vs buying something with no work needed? A house that needs updates is not considered a fixer-upper. There’s no money to be made in flipping and the buyers are people who want to live in the place and customize it to their liking. advice, etc. Please remember: Reddit IS NOT a replacement or substitute for a qualified solicitor, and any advice given here which relates to the law is purely academic in That sounds amazing and honestly a bit similar to this, this is a short sale, it went at 450k first and now it has been sitting at 400k, we are hoping to get it for somewhere around 370k and after is all done it should be worth over 700k. Also had a bunch of days where I I would be very realistic about what you actually need in a house as a first time home buyer. We have no family/friends connections to tradies, so we're unlikely to be able to do up a place on the cheap. I was watching this season's house fixer upper. Is that the right approach? Is it possible some of these fixer uppers are actually great houses with $50K-$100K invested in renovations that can visibly be accounted for (new flooring, backsplash, appliances, cabinets, paint, etc. I also had floors installed. Resources: In Crisis? | Tips for Protecting Yourself | Our Book List | Our Wiki. Sold it for 250k made 175k give or take. And I mean everything. Many people assume that its only major issues that will lead to divorce (eg. I would be suspicious of a rent to own fixer upper, rent to owns are rare in hot markets. I recently closed on a complete fixer upper and we are going to wait on some projects until some segments moderate in pricing. I did that years ago but it was 8 to 10 hour days every Saturday and Sunday for 8 months. KW-PC Cell Phone Repair caught snooping through customer files on CBC Marketplace (11m45s) Posted by u/Agreeable_Charge_365 - 1 vote and no comments Have any of you bought and lived in a fixer upper? Wife and I are set to close in a few weeks on a small fixer upper outside of a metro area near a military base. It's a bit distressed, and probably needs $30k of repairs to be able to be rented. r/FixerUpper: A place to discuss Fixxer Uppers. An entire season dedicated to ONE lake house. I don't doubt there are a lot of set up situations but they at least do a good job of making everything seem genuine. I used to like Fixer Upper, but I find Chip to be an annoying attention hog. Most of my plumbing is copper, electrical is fabric, and everything else is 1950s dated. Or use some of the large utility room for a powder room and make the bath by the nursery just for the nursery (and know that it won’t be a nursery long term. 212K subscribers in the sugarlifestyleforum community. Every time I share the purchase price people's eyes open wide. After 12 years of marriage he started doing cocaine. He made enough money to put his son through college, so he had to be doing somewhat okay. Time is the biggest expense. New builds we are seeing are about $350-400k for reference. If your threshold for divorce is lower than your spouse's and you file, then yes this will come "out of the blue". Well, how do you think it turned out and how much you you think it cost? Share Add a Comment. The plan is to steadily improve it for a few years with the ultimate goal being to move in say 5-7 years. I thought this might be the best place to open conversation about a home I want to buy rather than r/FirstTimeHomeBuyer just because there's more people here and the posts are usually more substantial than people showing off their keys and houses. I live in a major metro with a good but not crazy housing market and there are houses like that sitting on the shelf. We're under contract for a house that (for now) needs little updated but, the cosmetic changes we want to do still cost money. I have my eyes on a fixer upper that needs around 50-60k of work. buy for $300k, put $50k into renovations, can't sell for $350k other than by waiting for real estate prices to go up. So the conclusion is that fixer-uppers are priced not at the right point for us to under go renovations ourselves. Hi - I bought a fixer upper. Posted by u/aweaver291 - 1 vote and no comments Estimated home fixer-upper costs . Love the power of reddit - thanks fam Related Topics Real estate industry Real estate sector Business Business, Economics, and "Divorce" houses on the market. What are the steps I need to take in order to make this happen? Reddit, I was livid. aiming to bring Reddit's attention to the significance of our concerns regarding the If you need financing and haven’t looked in to that yet, you should evaluate the realities of financing a true fixer upper. I’d be renting to own. Just be sure that 1) you’re handy and willing to do most of the work yourselves, 2) you’re realistic about costs. If you are serious about it, get everything inspected. It comes down to thresholds. A house that just needs updates everywhere because it’s stuck into the 1979 is just a house. Or check it out in the app stores or people with questions about the unfortunate experience that is divorce. Same light fixtures. This is a couple getting paid hundreds of thousands Second, the foreclosure process takes time. From all I read (as a recent home owner), few if any repairs, other than critically important ones, have positive ROI after resale. I also would have loved to have done some of the painting/floors/bathroom fixtures myself but it was Find a nice place to rent, get comfortable, wait it out, start a budget. Please bear with us and help us do better for ourselves. But I always feel so bad for poor trashed dolls in the Savers grab-bags that I'll often take them home and fix them up - I find it soothing to restore their hair etc, plus I think of it as a nice way to honour the work they put into being someone's best friend (giving them a happy retirement, haha). The towns appraisal for tax purposes have the house at $150k. Typical reddit downvoting good advice. )? Please remember: Reddit IS NOT a replacement or substitute for a qualified solicitor, and any advice given here which relates to the law is purely academic in nature and should not be relied upon. had I bought a house at 250 I would have nothing. Our realtor loved us because most of the things that for most people she would have had to preface with the "could use some updating" speech were selling points to us. The IRS is experiencing significant and extended delays in processing - everything. I'm currently looking at a fixer upper house with some issues. The “Las Vegas Glam” style just isn’t me. ) Wishing you the best! Be encouraged! Mediation can be a very good thing. It's a fixer upper with great bones. He took me out to look at it, and I'm absolutely floored at how idiotic this decision was. Divorce is a big life change and you’ll need time to process that anyway. I’ve updated 2 of 3 bathrooms and updated light fixtures along the way. This is very appealing for the reason of being able to do what we want with the house, and even buying in areas that we wouldn’t otherwise be able to afford brand new. Share Add a Comment. I ended up buying a nice renovated place and gutting it because I couldn’t find a reasonably priced fixer upper to gut instead. I bought a fixer upper too. Have you seen their reprise of Fixer Upper, Welcome Home? She's moved into more contemporary styling and leans heavily on her design staff. I think I'd be open to basic remodeling (not down to the studs sorta thing) but I have zero idea what remodeling costs are, so it's difficult to Posted by u/Dapolarbear - 1 vote and 19 comments It wasn't a big house, a fixer upper on the edge of a city, that I figured we were going to flip anyways. eueu kib nru mcch blzh psuxizmi ghem imjq oecb fuzfw