Friday, May 14, 2010

Why you should never ever, never ever, never ever, never buy a flipped house.

Originally, the plan was to buy one of the many very well priced "handy man specials" here in Covington, and have it fixed exactly to our tastes and live there until we were old, gray and well... probably dead. We had some high hopes. We had a budget for house, meaning what we could finance and still afford to pay the mortgage, and we had some moula on hand, which served as our Budget for renovation.

We picked a Grand Victorian Dream House (of horrors)and began the process. It should have been clear then, that the powers that be, did not want us to buy a house... the clusterfuck that became was EPIC. what ever could go wrong, did. Multiple break ins, wind storm damage, fire... in the end, we bailed because, it was taking too long for the closing, and the seller was getting impatient... and -well... bitchy.

We decided that after all the contractor nightmares, and loan getting headaches... we would pool the budget and get a house that was move in ready... so... we found this place, and fell in love.

It was touted as being "fully rehabbed", a claim I fully and most emphatically refute...

Within the first six months, it was very clear that the guy that we bought the house from, hadn't "fixed' anything. Sure, he hid problems... (so well, that not one, but two inspectors missed, nearly everything!) but he "Fixed" absolutely nothing. And... what he did do, he did so poorly, it has to be ripped out and completely re-done) Small problems began to surface... Things we wanted to repair/replace, took the back seat to emergency repairs and impromptu replacements. Now, a year and a half later... A lot of that guy's quick fixes to big problems are showing up. And you know... sometimes I think he spent more money doing it this way, than he would have, had he done it right... It's become a lot like that movie, Money Pit, only without Tom Hanks, and a whole heck of a lot less funny. We should have stuck with the house that we KNEW needed work... then we wouldn't have gotten surprised, having to re-do everything he did. Where's Mike Holmes when you need him?

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