We helped a friend with a fixed and limited budget make a purchase decision recently. I had to remind him to consider the cost of necessary major repairs as part of the actual purchase price for older homes - roof, HVAC, etc. something he hasnt thought of in that way. So all of a sudden a house that was a $15,000 more but had a brand new roof and 2 year old hvac and water heater was very competitive wjrj a house that would need all that shortly. For him, new wasn’t an option as he wanted to be “between the 6s” but that realization helped narrow the search a lot. We bought a 2006 home in 2021 and replaced the roof immediately (required for insurance) and hot water heater (original) then did new hvac when we moved full time last March. But we had factored all that expense in and still got a great deal price wise because a lot of people didn’t want to do the big upgrades. Our bond is $600 a year so we aren’t worried about that. I think it is very wise you are holding firm to your price range, and fabulous you are looking everywhere. But it might be a case of too much choice making the decisions harder!!! Good luck!
|