Asked by Lisab, Ontario, CA • Wed Nov 10, 2010
My husband and I cannot decide which one of two houses to purchase. The first one is in a sought after, prestigious location but needs about $100,000 of renovations as it is dated and in need of repair. The home inspection of it indicated it needs rewiring, new furnace, A/C, windows, doors, new bathrooms (some of which need gutting), new kitchen, exterior repairs and landscaping - alot of work!. The second house is move in ready, very well taken care of with everything you can think of. It has a fantastic backyard landscaped professionally, a pool, and backs onto a golf course. The only downfall - it faces a main street with 1970's rental townhomes directly across the road. Otherwise the neighborhood is very nice with many large, expensive homes close by. If the house was one street over, it would be perfect! However it is priced about $40,000 more than the fixer-upper. What do we do? Buy the one in a great location that needs lots of work, or the great home in a so-so location?
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