You heard me. About a week after we closed on our house, Danielle and I have been keeping our eyes open. Why? We have significant upgrade plans to our current house and we want more ideas. We can only make our current house as good as we can dream. Reason two; we should buy a second house.
Photo credit: caswell_tom / Foter / CC BY
Let me premise the rest of this post with, IF SATURN ALIGNS WITH PLUTO ON THE THIRD WEDNESDAY OF TWO CONSECUTIVE FORTNIGHTS, we will buy a second house. We’re both dreamers though.
At the time of house shopping for our current home we fell in love with a few other homes. Some above and beyond what we can afford, some not worth the investment, and some just not quite what we can handle. We even contemplated just buying some land and sitting on it for a while. There is one house though that we are continuing to eye. I’m not going to give away any details as I still want this house and it remains an option to purchase if everything goes well, even though I know the odds of this are statistically insignificant at best.
This house is what some people call a handyman’s dream house, others may call it a money pit, and some people just call it a complete teardown. I haven’t seen this house in person so I can’t say for sure, but I do know it’s intriguing. So let me set the stage. This house sits on 16 acres in a suburb. The town isn’t large but it’s a sought after town as it is extremely convenient for commuters. It’s a moderate sized house, 2,500sq ft or so, with what I can only assume to be almost all original construction materials. This house was probably built in the early 1900’s. Its roof isn’t in BAD shape, minus a porch roof starting to collapse. The siding looks like it could use some love, and I’m sure everything on the inside probably needs to be removed. Did I mention this house is a foreclosure and has been on the market for about a year?
So why are we interested in this house? At this point the value of the land exceeds the purchase price of this property. This isn’t a reason to buy I house, we know. However, with a LOT of hardwork, a bit of money, and some luck this house could be anything we want it to be in a great location with fantastic schools and out of the city where we like, for the right purchase price that is. We’re still working out all the details of how this would work in our dreams but it’s a nice dream to dwell on.
If it’s anything like TV we’ll be flipping houses in no time.