Is this appropriate?
I’m moving into a 2 bedroom house. Here’s what it comes with:
Brand new kitchen cabinets and brand new cherry oak floors in the kitchen.
1 full bath.
Huge soundproof game room, including a pool table and full bar.
2 couches and a coffee table.
2 acres.
huge front deck.
garage used for storage.
Here’s what it doesn’t have:
Floorboards/baseboards.
Needs to be painted.
Needs kitchen sink, bathtub fixtures, and floors need to be cleaned, as well as couches.
holes in the wall of the closet need to be drywalled.
insulation needed.
A LOT of work needs to be done to the yard.
The list goes on and on.
Is 400 dollars a month, including rent and utilities, really appropriate? I mean, I’m spending money on paint and brushes and flooring and all kinds of stuff that I never thought would be necessary. I’m virtually doing all of the renovation alone…
What do you all think?
It depends on where you live. If it were in California I would say it is a great deal. If you lived in my state, I would say the deal isn’t bad but you might want to keep looking. Personally, I would never pay rent and fix up a property that someone else owns. With the way you described the property it would be illegal to rent in my city.
I don’t think you should get it because all the work you will be doing on that house will be way more then the rent .. trust me I work at a hardware store.
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That is cheap for a 20 year mortgage. If the roof is sound and you have a CO and the walls are good and the electrical and you want to live there. Go for it.
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It depends on where you live. If it were in California I would say it is a great deal. If you lived in my state, I would say the deal isn’t bad but you might want to keep looking. Personally, I would never pay rent and fix up a property that someone else owns. With the way you described the property it would be illegal to rent in my city.
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I am a landlord.
Heck no! your renting!!!! I’d tell the guy you’ll do al the renovations and that will be done in lieu of rent…When your done and can provide him with invoices …then you can pay rent…but to do all that AND pay rent.Thats nuts!!!!!! Your saving the owner a ton of money while he’s takign you for a run with yours. no Ma’am!
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It’s hard to say without seeing it. It also depends on how long the rent will stay at that rate and if you personally have the skills to do these. It all sounds very time consuming to me.
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