Vox

Real Estate

I just went to look at a house that is coming on the market soon that I thought would make a good investment. I know the market is in the toilet right now, but it is under priced for the area - an area that should see a boom in about a year.

I have the advantage of being friends with the current owners, so I had an idea what the house looked like, and heard they were planning to sell well before they are actually going to be ready to do so. It is larger than I remember, but also would require more work than I was figuring. I had originally envisioned this being an investment with a friend who has the expertise, but that has fallen through. I had hoped that the work it needed would lean more to the cosmetic, but there is some serious 'work' needed. If I were to take this on it would require hiring contractors (always dicey, especially for a female with limited knowledge) and laying out cash.

But I still want to do it. Am I completely crazy? I don't know if it is under priced enough to make up for the amount of work that it will need. I don't know if I have what it takes to get it done.

But I still want to do it. I am crazy. It is a GREAT house. Arrgghh!

Well, I have a couple of weeks to think on it...... Any of you have experience with that sort of thing?

On the plus side, while checking out the house I got to spend time visiting with my friends - and I always love the chance to catch up :-)

Posted by Vox at September 23, 2006 03:59 PM | TrackBack | general