Well, Prince George's county just announced that it is running out of money for its NSP (Neighborhood Stabilization Program). So, I guess that we now can no longer get the $3000 from them for buying a foreclosure. Oh well.
We plan on going out one more time to visit houses on Saturday before making a decision on one. It appears that the only affordable ones are where the public schools (Templeton EM) and the crime (burglaries/car thefts) are a little worse than other areas. After moving there, if I can't get our first kid into the Robert Goddard Montessori school, then I would probably resort to homeschooling. We'll see.
Anyways, if we got a 3 bedroom house, I was thinking that we'd only live in it for 6 years before getting something bigger. So, perhaps a 4 bedroom house with some storage space would be more ideal for a longer term. I have no idea how many children we're going to have or how room-sharing would work out among the number of girls/boys. In any case, the house that we get will also require some repairs before it can be livable.
Our favorite house so far is in Riverdale with 2 bedrooms on the main floor, and 3 bedrooms in a finished basement for $89,900. It also has a huge attic with floorboards in it. Things that would need fixing/replacing: the three cracked radiators, all the broken basement windows, and the moldy wall. The hardwood floors will also need a refinishing. We'll need to see if something needs to be done to the gigantic tree threatening the power lines and other people's houses. Anyways, I don't want to spend more than $5000 on the necessary repairs. If we decide on it, we'd need to get a couple of professionals to check it out first.
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2 comments:
Best money we ever spent was $250 for a home inspection. We ended up not buying the house, clearly. Your agent can probably recommend an inspector, or I can recommend the guy who did ours.
You are smart to get repairs priced out before you commit to anything.
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