A question for this community...

Discussion in 'General Discussion' started by Disturbed9, Jun 11, 2012.

?

what should I do with the house?

  1. Demo the dump start over

    6 vote(s)
    100.0%
  2. remodel it.

    0 vote(s)
    0.0%
  1. Disturbed9
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    Disturbed9 BANNED

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    See the avatar of my property. I paid $15,000.00 for it at auction as REO foreclosure.
    1,090 SQFT living space. 1.08 acres of land. Creek in back.
    However, after purchase of property...
    I have discovered.

    1. Shale siding turned out to be asbestos.
    2. Lincoln-log foundation. Beams are rotted floor sinking.
    3. It was abandoned for two years, and all copper water feeds were stripped out be scavengers, and all the copper wiring, plaster and lats were busted in the process of these thefts.
    4. Where walls are sound, LEAD PAINT.
    5.Bathroom suffered extensive termite damage.

    Here is my dilema.

    It will cost me, labor and materials, $35,700.00 to gut this dump and remodel the whole place, roof to foundation.

    If I...

    A. Demo this place. $3,000.00
    B. Place a nifty 45' x 75' doublewide for $24,500.00 all bells and whistles.

    Financially, it is a no brainer. But I actually love the place.
    What should I do?

    Poll posted.

    Tim
     
  2. freedombecki
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    freedombecki Let's go swimmin'! Supporting Member

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    It looks like a charming shotgun house that was popular in the 30s and 40s.

    If there was gross tearing out of copper pipes and water seeped in through the holes, you could have black mold, which you don't ever want near yourself or your family. However, if it is salvageable, it would be nice to have a home on a foundation in the Hurricane belt, which most of Florida is.

    You couldn't pay me to stay in a mobile home in the Florida Hurricane season which has probably already started or will soon and goes through November.

    However, the price sounds good, and mobile homes nowadays have very pretty interiors, if you don't mind taking a risk of being blown down once every thirty years. But if it's a truly horrid hurricane, nothing will be left standing. The city of Galveston was leveled in Hurricane Ike, I think it was, just a few years back. It was the worst storm in a century.

    Good luck whatever you decide is best for you, Disturbed9. An acre in Florida most summers can feed a family with leftovers all year with a little hard work in your garden.
     
  3. eots
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    eots no fly list

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    over an acre of land and a fresh water supply..hmmm...personally I would grow about 20 to 30 marijuana plants spread out along or close to the creek and have the extra cash I need by fall
     
    Last edited: Jun 11, 2012
  4. Sherry
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    Sherry You're not the boss of me Supporting Member

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    Take your emotions out of it...make a sound business decision from an investor's perspective.
     
  5. uscitizen
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    uscitizen Senior Member

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    Rent it out to illegals.
     
  6. Disturbed9
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    Disturbed9 BANNED

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    Too funny. No thank you, sir.
     
  7. uscitizen
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    uscitizen Senior Member

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    It is what they do around here.
     
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  8. Disturbed9
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    Disturbed9 BANNED

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    I caught such a vibe off the joint, if I demo the place, it seems like I am committing murder.
    But, moneywise it is the best way.
     
  9. techieny
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    techieny Conservative Supporting Member

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    Get a John Deere and pray !
     
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  10. Disturbed9
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    Disturbed9 BANNED

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    DEA raided a guy two streets down for the same type proposition.
     

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