Asked by Rose.smeltzer, Van Nuys, CA • Sat Dec 28, 2013
Please help me decide whether or not to buy a total fixer that is basically land with a 1 bedroom house on a nearly 9000sq/ft property.
I'm interested in living on the property but the house is considered uninhabitable at present and I plan to get an assessment soon.
My interest now is to see what is more economical/wise:
Option 1: I could put a trailer on the property and live there during a slow, calculated renovation.
Option 2: I could hire a contractor to do an add on of 1-2 bedrooms and a bathroom, making the house marginally livable while then slowly making other repairs to the remaining structure.
Option 3: I could initially hire a contactor to make sufficient repairs to make the home livable and then proceed to do individual renovation projects on my own with subcontractors.
My background: completely unrelated to home building. But my dad is a plumbing contractor and my boyfriend's dad has carpentry skills. How much trouble could we get into?
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