I recently looked at a 2BR house where I live (Philly suburb with an excellent school system) that was listed for $69K. It was in great shape except for the very minor problem of termites having eaten through literally all of the floor joists. Walking in the house was like walking on a trampoline, very weird experience. It had been occupied up until a week prior, somehow.
So I’m a carpenter and own my own contracting business. Having to replace every floor joist in your house is INCREDIBLY expensive. Like depending on the size of your house you’re looking at anywhere from 20 grand to 100 grand, just to make your house legal to live in.
Well yeah, that was the point of my comment. You can find houses for $70K but they’re going to need a shitload of expensive work. For this particular house, it would have been on the $20K end, though. It was a very small house (2BR on one floor, about 650 sq. ft.) and I had priced the lumber for the joists and new decking at around $6K or $7K. The labor costs with a proper crew would have taken it well north of $10K for sure; I could have done all the work myself but probably not without permanently damaging my body. Fortunately it sold almost immediately - for $90K.
I recently looked at a 2BR house where I live (Philly suburb with an excellent school system) that was listed for $69K. It was in great shape except for the very minor problem of termites having eaten through literally all of the floor joists. Walking in the house was like walking on a trampoline, very weird experience. It had been occupied up until a week prior, somehow.
So I’m a carpenter and own my own contracting business. Having to replace every floor joist in your house is INCREDIBLY expensive. Like depending on the size of your house you’re looking at anywhere from 20 grand to 100 grand, just to make your house legal to live in.
Well yeah, that was the point of my comment. You can find houses for $70K but they’re going to need a shitload of expensive work. For this particular house, it would have been on the $20K end, though. It was a very small house (2BR on one floor, about 650 sq. ft.) and I had priced the lumber for the joists and new decking at around $6K or $7K. The labor costs with a proper crew would have taken it well north of $10K for sure; I could have done all the work myself but probably not without permanently damaging my body. Fortunately it sold almost immediately - for $90K.
Ah I see. Yeah 70 grand for a house and living off the rest is not feasible.