We Flirted With Buying a Project House Today
Built in 1927, it’s been owned for over 50 years by only the second owners ever in its history, named Gertrude and Abel. How cute is that?
It could have been Peter’s Dream House, and I could have been Myrna Loy.
May 25th, 2010 at 4:22 am
Well, you can assume it will cost half again what you pay for it to make it beautiful, but you’ve got time to stretch the costs out, too.
I’ve always wanted to do the same. Hoping for next year- a waterfront house in MA.
May 25th, 2010 at 1:38 pm
At least it wouldn’t be 50 times as much. A friend of one of the lads in Belper I was working with recently snapped up an ancient grand manor in the local area (Derbyshire) for under a million pounds, and only then got a proper estimate of what it would take to completely renovate it: Forty million pounds. I presume it would be cheaper to bulldoze it and build an exact replica of the original, but probably not allowed by the preservation orders.
May 27th, 2010 at 7:43 am
I always assume as much. Architectural Digest (which we’ve been getting since buying some furniture from some company or other) has a little section every month on properties around the world for sale. You can spend 5 million dollars and get a McMansion in Idaho, or for 800,000 bucks you can have a palace in the French countryside. So one must assume that the palace is gonna need a little …work.