The rehabbing of the home, sure that can go just fine and the house can look great. But keep in mind thta the cemetary will NOT go away. This will always be there, so keep that in your thoughts if you move forward and realize that you will need to find that person that does not mind the graveyard.
You ask questions about the inspections and such, I am guessing this is a short sale or foreclosure?
Do you have an agent? has your agent advised you to have the inspections? IS the house "as-is" if so you can still do the inspections, but they are for your research purposes only..
Either way - Good Luck!
Broker / Manager
Orange Key Realty
But look at it this way, Sue - it's going to have to be a great buy, but it may be a great buy for you now; you'll just have to make it a great buy for the next person.
Similarly - you can buy a much more modest place in a better location for the same money, and it will always be a modest place for the money.
The problem with rehabbing properties in bad locations is that materials and labor cost the same regardless of the location of the property; perhaps it would be more cost-effective for someone to knock this baby down and put up something new.
All the best,
Always get an inspector, also have the contractor who will be doing the work look at it.
I, myself, do think it will hurt the value of the property. The very concept of a property value can be summed up in three words...Location, location, location.
A property by a graveyard will most definitely have geographic sufferance. Will the same home down the street sell for more? If anyone thinks it will then that's the answer.
If it is causing you to question it, it will cause the next buyer to question it also.
Just my humble opinion...
Remax / Lakeland
You should get your own inspectors, Most buyers get their own inspectors and for a general inspection usually between 250-450. May want to also have a structural engineer look at it. . However if you were working with a realtor they would supply you with a list of inspectors that are reputable and they have done business with in the past. Definately have an inspection.