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Essentially Flyertalk / Re: House buying/owning advice
« on: December 12, 2011, 08:40:45 PM »location has a lot to do with it, there will be a ceiling on what any house is worth if it is not in a very desirable neighborhoodwhat someone else said about fixer uppers, I bought one and I hate doing all that crap and have ended up paying people to do most of it.
ok, but going in assuming you will pay people, do you generally come out ahead w. the fixer upper, building from nothing or buying a house in good condition that is halfway in the realm of what you like in terms of finish materials/layout?
is there a rule of thumb on what the lot has to be worth to make building or upgrading cost effective? assuming the cost of materials and labor is relatively constant across locations.