13 years ago
Anonymous

Would you rent this home? It needs work!?

We are currently renting a small (1200 sq ft) home that has 2 bedrooms and one bathroom, full basement, nice yard--it was a dump but we've put in 4 months of hard work to clean it, paint it and fix it up inexchange for rent and our deposit. It is waaaay too small for our family and I want to move. We just looked at a house with 2100 sq ft, 3 bedrooms, 2 baths, 2 stories...BUT it needs some work. It is an old home with a new central air/central heat unit (that good). Everything needs painted and some parts of the front porch are rotting and needs replaced. Some of the crown molding is falling off inside and it would need redone. It is a "fixer upper". A house with good bones that just needs some lipstick (hee-hee). Here is my dilemma...my husband is afraid of the heating/cooling bills and he looks at the need for paint as a bad thing. But couldn't we negotiate on the rent in exhange for the work? The rent on this bigger house is only $150 more per month than what we're paying now so that isn't bad for almost twice the space! And it is in a better neighborhood too. Would you try to negotiate the rent and the deposit in exchange for doing the necessary work on the house? Should I just let the house go and keep looking? Will there be some weirdo that thinks nothing needs done and they'd be happy there (in the current dumpy state)? I hate to hesitate and miss out on a cool old house and be stuck in our tiny house another year! What would you do? Thank you!
Top 2 Answers
13 years ago
I Buy And Sell Houses
Favorite Answer
Your strategy sounds good. Look: You can attempt to negotiate anything. And you can certainly attempt to negotiate regarding the property you're looking at. Yes, the utility bills are likely to be higher. But it's a bigger house. As for the paint, so what? I've had a number of tenants who've wanted to paint. Sometimes they've paid for the paint and done the work. Other times, I've paid for the paint and they've done the work. Both arrangements have worked well for me. The question (as perhaps you've hinted at) is whether you'd just be putting lipstick on a pig (wonder if anyone a few years from now will understand the political implications of that phrase?), or whether you'd be putting lipstick on a grande dame. If it's the latter, which seems more likely, I'd agree with you. Negotiate, and get the best deal you can on a house that would suit you. Good luck.
2
13 years ago
The Hamster
Theres a saying - make a house a home. So if you can see yourself living in it, then go for it! But obviously consider whether or not you can afford it and if the cost benefit for the long term is good. You're right - negotiate the rent and see what you can get.
2