Tudor Electric
Should I buy this house?
The house is located in a neighborhood that I really like. It’s a single family home, English tudor, 1931, beautiful lot, but questionable electric work, filthy 1970s kitchen, 2 1/2 baths, but only one that is usable, possible water damage in ceiling, leaky basement – likely just from neglect and rainwater.
Pluses: Hardwood floors, pretty archways, no sagging, fireplace, solid windows that just need stripping and painting
The house is listed at 225K. Other properties in area sell for over 300K – some as high as 700K.
What do you think?
The electric box is updated. There looks to be a mix of old and new wiring. I’m not too worried about rewiring.
Some of the plumbing has been updated.
Even though there is water damage in the ceiling, there is no sagging and it is dry now.
I’ve redone a house before and I’ll have some $ from the sale of this house to pay for the major portion of the renovation. I have the skills to do some of the work myself.
FIRST THINGS FIRST. I will assume you are a smart buyer and have done your homework, correct? If you plan to make an offer, make it contigent upon a whole house inspection. If not, buyer beware! That way if something serious is wrong with either structure, or something that may cost a lot of money to repair, you’ll have the option of backing out.
Consider this, if the previous homeowner couldn’t keep up the payments, then what other mechanicals items might they have ignored?
I don’t care about the numbers, unless they work in the buyers favor and the house is sound and habitable.
1969 Tudor NFL Electric Football Model 620
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