One looked really, really decent. Except for a rectangular hole cut down through the floor of the second bathroom, down to the dirt under the joists. Hick knows how to fix that. How to level a foundation and put in new floor joists. The rest of the house had flooring and paint and was in pretty good shape, like somebody was renovating it, and was ready to call it quits. Perhaps over the floor issue.
The other house was in Sis-Town, where we are currently displeased with city government. Also, it was completely trashed. Which sometimes Hick sees as a positive, saying, "Oh, it's already gutted." He's such a Pollyanna.
As much as I'd like to jump right into another flip right now, so Hick will have a project for the winter, I must restrain myself. If only Hick had Bargain House done, as he'd boasted he would by the end of June, we could easily have it listed, and snap up the nicer of these two before they are gone. That's not happening, because Hick has too many irons in the blazing conflagration that is his life.
I told The Pony, who also mourned the loss of this opportunity. It's been forever since we came across such a bargain. Well, maybe not forever, but at least eight months.
Maybe another house will come along. Everything happens for a reason.
Compared to prices out here, even those in rural areas, those places seem very cheap to me. Anything here with that price would be a half sized shed with half a roof missing! Which may be a small exaggeration. Here most of the cost is the price of the land it seems, there are a couple of blocks for sale in one area, 333 square metres, and they are priced over $400,000 each!! I have no idea what that would be in acres. Maybe a fifth of an acre or a bit less? An eighth?
ReplyDeleteAccording to a Google converter, that would be 0.0823 of an acre. So that's around 1/12 of an acre. I don't know the cost per acre in town. Most plain houses in our county, maybe 2 bed, 1 bath, are listed for about $160,000 or higher. Of course, they don't need repairs. These two would make a good profit, even putting money into them to fix up.
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