Until 6PM on Tuesday, we weren't actually sure we were getting this house, so I felt like talking in depth about it would jinx it. Technically, we still won't own the house until it closes, but we have offered, signed contract, inspected, negotiated, and signed a whole new contract, which means...we pretty much have a house!
Teehee just joshin'! That was the half a million dollar house we got to check out on our way to lunch with the realtor. It was fun to look at, but this purchase is an investment to rent out. NOT our fantasy home. Actually, it's kind of weird that we found this house and we really did fall in love with it against the cardinal rule of "don't fall in love with an investment house". I don't actually know if that's the cardinal rule, but we've most certainly heard it a lot.
So what made us fall in love with it? It was built in '73, but renovated this past year. They took it down to studs and replaced everything from the ground up, including expanding the square footage. You walk in and it feels like a a brand new house. New walls, floors, windows, HVAC, appliances, bathrooms, fixtures, roof, and the list goes on. A list of things that we would have to replace in all the other houses we looked at. Basically, an ideal investment for newbies like us, and that's why it was hard not to fall in love.
Did you get a load of that kitchen?! We will own ALL new EXPENSIVE appliances and we'll never even get to use them. A cryin' shame! As a matter of fact, anyone need an oven? I'm thinking a $3,000 oven is way too
good much responsibility for tenants.
I guess you could say it's been a really fun process with ups and downs, which I will share along with the best advice we received along the way, but I think that should wait until we actually have the keys. Admittedly, we love this house, but we are also standing our ground on the few demands we have left after the last inspection. Like I said, we have signed a new contract including those contingencies, and still...we aren't putting our eggs in one basket.
Momma didn't raise no fool.