Does this still apply if the house is a 1 bedroom needing work eventually

Hey everyone, I’m looking at a small, 1 bedroom early 20th century home in a nice neighborhood that’s up and coming. While it’s technically move-in ready, it does have some electrical, plumbing, and foundation work that will eventually need to be done. I plan to stay in it for a while, but I’m thinking about upgrading to something bigger down the line and possibly renting the property out or selling it depending on how things go. So, I’m wondering if this whole idea of ‘buy the ugliest house in a desirable neighborhood’ still applies to such a small home that I assume will only attract a smaller pool of buyers in the market. The house is priced based on its condition and the urgency to sell. Is this even worth it for a small home like this?

I think it can still apply, but you might want to consider how much work it actually needs. A small house can be a good investment, especially if the neighborhood is improving.

Corey said:
I think it can still apply, but you might want to consider how much work it actually needs. A small house can be a good investment, especially if the neighborhood is improving.

That makes sense. I just worry about the costs piling up if I need to do a lot of repairs.

Honestly, if the area is up and coming, it might be worth it. Just make sure you’re okay with the idea of putting in some work. Buyers might see the potential.

Piper said:
Honestly, if the area is up and coming, it might be worth it. Just make sure you’re okay with the idea of putting in some work. Buyers might see the potential.

Yeah, but what if it only attracts a small group of buyers later? Like, is it worth the investment?

@Zen
Good question. If the neighborhood keeps improving, it could attract more buyers over time. Plus, it’s a 1 bedroom, so it might be appealing to singles or couples.

I feel like you should definitely think about how long you plan to stay. If it’s just a few years, maybe it’s worth it. But if you plan to stay longer, the repairs could get annoying.

Payton said:
I feel like you should definitely think about how long you plan to stay. If it’s just a few years, maybe it’s worth it. But if you plan to stay longer, the repairs could get annoying.

That’s a good point. I do want to settle down eventually, but I just love this neighborhood.

I’d say keep looking even if you like this one just to compare. Sometimes it’s good to see what else is out there, especially if you have concerns about repairs.

Linden said:
I’d say keep looking even if you like this one just to compare. Sometimes it’s good to see what else is out there, especially if you have concerns about repairs.

Totally agree. It might help to weigh my options a bit more before making a decision.

If you can handle the work and the area is really on the rise, it could pay off. But yeah, definitely check all the costs involved.

Jaden said:
If you can handle the work and the area is really on the rise, it could pay off. But yeah, definitely check all the costs involved.

Thanks for the advice. I’ll definitely keep that in mind as I evaluate my options.