S Bengi wrote:OMG $14,000 for 2.5 acres and a run down fixer upper house. I am not sure that exist in America. I hope that exist somewhere nearish to me.
Can you explain what you did to find this affordable 2.5acres home. I would like to share this info with my circle of people.
This house is in Denmark, the land is an old lake so it is damp (though has been and is possible to drain, the neighbour downhill has a delightful acre+ lawn) It was advertised at 70k and had been on the market for nearly 3 years, and then a storm came through and took the chimney down and peeled part of the barn roof off. the house was reduced to 24k and we put in a speculative offer of 14k (expecting them to counter offer) but they accepted it so long as they didn't have to guarantee anything on the property.
We had to put a new roof on the house $5k all done ourselves, and a new front door as the bottom fell off the old one! The windows are double glazed but need new frames as they are totally rotten, we've done a bit of plumbing work and redone the gutters, but that is basically it. What you get for that money, is a house where the hot-water tap in the bathroom didn't work because someone had "fixed" it's drip by pushing leather and cloth down it, the plumbing to the kitchen sink came from an old gas furnace, where the toilet was missing, the washing machine emptied into a cupboard and the electrics are from the 50's. It also has wood heating so it is COLD if you are not home to fire it.
To find it was as simple as looking at the estate agent listings. I have some friends here who have bought 4.4 acres and a small poor quality house for $45k (or 31k maybe not sure) they are now waiting for the occupant to leave (he can live there as long as he likes/is able he's 93) They are planning on totally rebuilding but that wouldn't be totally necessary.
This house will be going up on the market in a month or so, and hopefully someone else can have a cheap house to save rent in, we did the roof, they will have to do the windows, and then it's good to go. we'll put it up for 40k and be happy to accept 30k.