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  1. #11
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    I would buy it.

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    danik  (31-07-2012)

  3. #12
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    If I thought I could cope with the inadequacies of the house for the amount of time it would take to be able to renovate it then I would buy it.

    If renovating was an indefinite period of time away and the house would make me miserable to live in then I would keep looking.

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    danik  (31-07-2012)

  5. #13
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    Thanks for the replies guys! Usually I am so decisive but I am so in two minds about this. Actually last weekend I talked myself out of it so DH and I went to look at display homes to build our own house. Then here I am a few days later thinking how wonderful it would be to live right behind the kid's school and in such a great neighborhood.

    DH and I aren't much into renovating and have limited funds but yes, we could look into it in the future.

    Once again thanks you for your replies

  6. #14
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    Can the house be renovated and will the money spent on renovation yield a better return if you were to sell? Is there an option to demolish and build your dream home on the block? What is the market like in that area? There are so many questions.... A nice house in a bad area can be a massive PITA too!

    We bought for location a year ago and while I love the setting the house is really getting me down esp now as its winter and the house is badly designed. We have plans drawn to renovate and extend but I am currently carrying my second due at the end of the year and I am dreaming of moving back into my other house with all the mod cons every day! It will be a hard slog to renovate this one but I just keep telling myself it will be worth it in the end. We do have the funds to renovate and the time.

  7. #15
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    Quote Originally Posted by danik View Post
    So we found a house in our area of choice. Its actually the northern part of our current suburb but the difference is quite substantial.

    DD1 goes to school which is about a 3 minute walk from New House. This is a fantastic school where we would love all our kids to go so this is playing a huge part in our choice of house. We love the location which is very family friendly, has many park lands and meandering pathways and great facilities nearby. Can't fault the location.

    But the house I don't love so much. Things include the different types of flooring, the small and oddly shaped living areas, the master ensuite, the kitchen (needs more storage space and a bigger pantry), and although I love the expansive backyard I see its layout as a big security issue).

    I don't hate the house, I could see us living there, but since this is our second house I would like our next one to be a big step up from our current one. We have lived in our 3 x 1 for the past 12 years and would love our next one to fit the needs of our expanding family.

    Btw DH likes the house but doesn't really think about the many factors that come with making a decision to buy a house.

    Would you buy for mainly location? And do I really need to love everything about a prospective new home?
    No I wouldn't. It sounds like you don't like the house very much. No way no how would I buy a house that I didn't like that much. You'll just be unhappy in the long run and buying a house that you're not happy with and end up selling can be expensive


 

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