Did you ever find a home that met your needs in that price range? Many people look to purchase as much as they can while interest rates are at record lows. They look at it as being able to get what they want now, and spread the cost over 30 years. If there is a specific neighborhood that interests you, then finding a home in that neighborhood and growing with it and sprucing it up may be your option. I live and work in Glenview, and can always try to help find something that meets your needs if you haven't yet found a home to call your castle.
Paul Cionczyk| Coldwell Banker Residential Brokerage |Broker
312-433-9931 | PaulCionczyk.Broker@gmail.com |PaulCionczyk.com
I have been at this for a long time.
I like the idea of purchasing a home and fixing it up the way I like it.
This is one of my areas of expertise.
I purchased a ranch home that had a tiny master bathroom and a small closet.
It had a finished basement, but it was very dated with paneling and small ceiling tiles.
I was able to move a wall which allowed me to add a few feet to the closet and master bath which tripled the size of both of them.
It also had some beams and a half wall that we took down.
You wont believe all the trash we accumulated.
Also I took a closet that was facing out and turned it around, but used part of it for a shadowbox.
I put in sliding doors where there were just windows.
It was pretty cool. Here are some photos so you can see for yourself.
I love helping my clients come up with creative ways to enhance the value of the homes they are buying.
In my experience, the cheapest houses are also functionally obsolete - the floor plans don't work, and there's not enough there that's worth saving. To invest money in a structure like this is to throw money away, maybe unless you are an investor planning to rent it out.
It is quite likely that you cannot afford a house you like in a location that you like. Before you decide that, ask your RealtorÂ® to search the database and see if there are recent sales in your area and price range that you would have liked to at least look at, and ask their opinion on whether your expectations are reasonable.
All the best,
As both a real estate broker and a LEED accredited green builder, I assist clients with both the acquisition of assets as well as their major modernization. I have assisted clients with both approaches. In the end, buying finished vs getting a fixer-upper is about several factors.
1-Can you afford the finished home, with the amenities you want, in the location you want?
2-If not, which of your priorities will you flex; finish, amenities, or location?
3-If you intend to remodel the home you're buying, will you do it before your move or live through the mess.
I would be happy to answer any further questions.
Ashur 'Osh' Nissan
Broker / Realtor
Weichert, Realtors - Lakeshore Partners
Alternately, if you choose the route of waiting for something you like to come on the market, of course there is the possibility that nothing will satisfy your desires at your price point or if you are not receiving daily updates directly from the MLS, you could miss something. Make sure your Realtor has set that up for you or select an agent who can help to assure that you are getting consistent up-to-date information. Best of luck. Let me know if I can help! Happy Holidays.
Unfortunately you get less for your money on the North Shore. I would recommend Buffalo Grove. It's not far from Des Plaines and you will get a lot more house for the money. You are smart to start the process now so you can get a feel for what's out there and what home prices are. That way you'll know a deal when you see one. I would be glad to set up search for you sending you homes in your price range within 20-30min driving time to Des Plaines or Deerfield. I'm happy to answer any questions you have about the home buying process and when you are ready say April/May we can view the homes you like.
What criteria are you looking for? Feel free to be specific, as my search can narrow down square footage, lot size, school district, taxes, basement or no basement etc.
Coldwell Banker Residential
The Peggy Cobrin Team
Call or Text 847-707-8907