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View Full Version : New house possible... Opinions??


Monte
07-02-2008, 02:18 PM
Normally houses on my home lake don't go this cheap. Tell me what ya'll think.
http://www.allentate.com/DesktopDefault.aspx?pageid=11&pagealias=ListingDetail&ListingID=1198842&ListingPosition=2&From=Full

Lennyp04
07-02-2008, 02:21 PM
All I needed to see was boat lift!!! That house looks very nice! Looks like its level property unlike my unruly hilly property!

Monte
07-02-2008, 02:22 PM
All I needed to see was boat lift!!! That house looks very nice! Looks like its level property unlike my unruly hilly property!

Yeah, The lift is a great selling point for me too;)

Maristar210
07-02-2008, 02:31 PM
Jump Bert

I did.

Bought for 3 put 2 into it and since I am still married and now on the water. It was the right move. Well when we actuall move in - haaa

BEFOREhttp://img.photobucket.com/albums/v240/Steves389/P1010076.jpg

Maristar210
07-02-2008, 02:32 PM
Almost finished !!!

Monte
07-02-2008, 02:34 PM
Jump Bert

I did.

Bought for 3 put 2 into it and since I am still married and now on the water. It was the right move. Well when we actuall move in - haaa

BEFOREhttp://img.photobucket.com/albums/v240/Steves389/P1010076.jpg

It is a real possibility.. I am ready for it.. Hopefully we can sell ours fast.

I would say something about your new purchase, but I cannot see the picture. probably just my work computer..

Maristar210
07-02-2008, 02:35 PM
http://img.photobucket.com/albums/v240/Steves389/P1010012-8.jpg

Monte
07-02-2008, 02:35 PM
Almost finished !!!

I can see that one.. Dang looks NICE!!

Maristar210
07-02-2008, 02:37 PM
Let us know how it goes and good luck.

That roof thing will scare off a few but I would not think twice about it.

Lennyp04
07-02-2008, 02:38 PM
Yeah Maristar...Looks Very nice!! Can't wait to see what it looks like done

Maristar210
07-02-2008, 02:42 PM
After all you can always replace the roof Bert.http://img.photobucket.com/albums/v240/Steves389/P1010011-4.jpg

Maristar210
07-02-2008, 02:43 PM
http://img.photobucket.com/albums/v240/Steves389

18 pages of the last four months work...

Prostar in Michigain
07-02-2008, 02:49 PM
Maristar are you doing alot of the work yourself?

Maristar210
07-02-2008, 02:52 PM
Maristar are you doing alot of the work yourself?

No. I work full time so I have a friend of mine GC-ing it for me. He's a licensed builder and handles it.

I did the demo work inside right after we got it but since the place was gutted he has taken over. This was right about the time I ran out of vacation days. :D

We move in sometime in August.

Didn't mean to Jack Monte's thread.

I hope he can swing it. Good luck Monte :cool:

Maristar210
07-02-2008, 02:55 PM
http://img.photobucket.com/albums/v240/Steves389/P1010021-2.jpg

Monte
07-02-2008, 02:55 PM
Let us know how it goes and good luck.

That roof thing will scare off a few but I would not think twice about it.

Doesn't really bother me. Last 2 houses we bought were "fixer uppers" I consider myself quite handy with home repairs and what not:D

Monte
07-02-2008, 02:58 PM
No. I work full time so I have a friend of mine GC-ing it for me. He's a licensed builder and handles it.

I did the demo work inside right after we got it but since the place was gutted he has taken over. This was right about the time I ran out of vacation days. :D

We move in sometime in August.

Didn't mean to Jack Monte's thread.

I hope he can swing it. Good luck Monte :cool:

The one thing I promise never to do again is roofing.. I'll pay somebody to do it. There is nothing closer to hell on earth than roofing..

Thanks for the advice.

trickskier
07-02-2008, 03:20 PM
It looks good to me Bert....................BUY IT BEFORE SOMEONE ELSE DOES!!! :D

shepherd
07-02-2008, 03:30 PM
Doesn't really bother me. Last 2 houses we bought were "fixer uppers" I consider myself quite handy with home repairs and what not:D

Jump on it.
You can never go wrong buying waterfront property, at least if the price is reasonable and you can afford it. Good investment IMO. We bought our first waterfront house in Orlando and when we moved I insisted that our next house would also be on the water (it is). Just being able to relax on the back deck with a drink and watch the boats and birds go by is reward enough. Plus, I'm sure you won't miss the boat ramp!

Monte
07-02-2008, 03:31 PM
It looks good to me Bert....................BUY IT BEFORE SOMEONE ELSE DOES!!! :D

Got an appointment to go inside tomorrow at noon. We went today at lunch and walked around outside. We both love it. Hopefully it will fly once we see the inside.

Roonie's
07-02-2008, 03:31 PM
It looks good to me Bert....................BUY IT BEFORE SOMEONE ELSE DOES!!! :D

ditto....

Was going to buy a certified used car at a dealer that I really liked this last week and went to go test drive it and someone had already bought it. I was peeved as it had everything I wanted and liked. Kicking myself for not jumping on it when I first saw it. Get it before someone else also finds the deal.

Maristar210
07-02-2008, 03:32 PM
If you buy prepare yourself for lots of advice from this group :D

wakolman
07-02-2008, 03:33 PM
Get some quotes on how much the repairs would cost and use them as leverage with your offer. You know better than us if that price is the deal of a lifetime. If you must sell a house first, it will be tougher to make the deal happen.

Five years from now you will be sitting pretty good, assuming the lake property was bought at one of the lowest prices possible.

We would consider selling our place for less than I think it should go for if it meant getting a great deal on a lake property.

Pack the bags!

stuartmcnair
07-02-2008, 03:35 PM
Buy it. They're not making any more property like that for that kind of money.

You'll kick yourself if you don't.

beef
07-02-2008, 03:46 PM
An empty waterfront lot around here will go for twice that amount. Seems like a very good deal to me...

Monte
07-02-2008, 04:00 PM
Get some quotes on how much the repairs would cost and use them as leverage with your offer. You know better than us if that price is the deal of a lifetime. If you must sell a house first, it will be tougher to make the deal happen.

Five years from now you will be sitting pretty good, assuming the lake property was bought at one of the lowest prices possible.

We would consider selling our place for less than I think it should go for if it meant getting a great deal on a lake property.

Pack the bags!

Most of the houses on the lake go for at least 425,000, especially with a basement. One of the surgeons my wife works for is asking 625,000 for a 3/2. There is a 2br 2ba for 325,000. I have to sell mine first. I can't deal with two house payments again. I'll figure something out. What I'm looking forward to is just as Shep described. Cold beverage in hand fishing from my own dock, and not having to cross over somebody elses yard to do so..

trickskier
07-02-2008, 04:05 PM
Most of the houses on the lake go for at least 425,000, especially with a basement. One of the surgeons my wife works for is asking 625,000 for a 3/2. There is a 2br 2ba for 325,000. I have to sell mine first. I can't deal with two house payments again. I'll figure something out. What I'm looking forward to is just as Shep described. Cold beverage in hand fishing from my own dock, and not having to cross over somebody elses yard to do so..

There ya GO!!!

Monte
07-02-2008, 04:11 PM
If you buy prepare yourself for lots of advice from this group :D

I'm sure.... Hopefully I'll be doing something quick like:D

Maristar210
07-02-2008, 04:12 PM
Talk to me Bert,

I have 800k in two seperate mortgages....

badams
07-02-2008, 04:12 PM
Normally houses on my home lake don't go this cheap. Tell me what ya'll think.
http://www.allentate.com/DesktopDefault.aspx?pageid=11&pagealias=ListingDetail&ListingID=1198842&ListingPosition=2&From=Full Let me know if you need help with the mortgage. Always glad to help out a fellow MC owner.

Monte
07-02-2008, 04:16 PM
Talk to me Bert,

I have 800k in two seperate mortgages....

I haven't had quite that much, but this one with my other home will put me at the 650 level.

Did I mention I got caught in the pickle once? Countrywide baloon for the starter home. Bought the new home, put the old one on the market. Bear in mind no refi's when a home is on the market. 1st home mortgage payment doubled in the year and a half we had it on the market.

peason
07-02-2008, 04:20 PM
Monte, we bought our lake home 3 years ago. We actually moved from a home we had built - not a custom home but nice and new! Projects on the lake home will last me 20 years, but I don't care. If it's nice out we go and ski, if not we work on the yard or indoor projects. It is also nice to be able to enjoy the lake rather than going to and from the lake. A lot of people we know here in St. Paul/Minneapolis area have cabins up north that they only get to use on weekends and for vacation in the summer. We can ski the minute we get home from one of the kids soccer games. We have never regretted buying a fixer upper on the lake!

Prostar Rich
07-02-2008, 04:33 PM
For that price it seems like a very good deal as long as the lake quality is good. I purchased our lake home 12 years ago and we are in southern WI on an excellent lake. I could not afford to purchase the same property today. You won't go wrong with lake front property. The only downside for me is that the real estate taxes in WI are very high.

I vote that you go for it.

Good luck,
Prostar Rich

Monte
07-02-2008, 04:52 PM
Let me know if you need help with the mortgage. Always glad to help out a fellow MC owner.

I'll shoot you a PM depending on tomorrows results..:cool:

Monte
07-02-2008, 05:32 PM
For that price it seems like a very good deal as long as the lake quality is good. I purchased our lake home 12 years ago and we are in southern WI on an excellent lake. I could not afford to purchase the same property today. You won't go wrong with lake front property. The only downside for me is that the real estate taxes in WI are very high.

I vote that you go for it.

Good luck,
Prostar Rich

The lake is small, but large enough for us. Plenty of smooth water when the tubes are not out. The cove it is in is very long and no wake to boot:D

badams
07-02-2008, 05:36 PM
I'll shoot you a PM depending on tomorrows results..:cool:
Good luck. I'll keep my fingers crossed for you.

TMCNo1
07-02-2008, 06:05 PM
Good luck, hope you get it!

SPORTSMED-45
07-02-2008, 06:22 PM
thats sweet

SkiDog
07-02-2008, 06:40 PM
There goes that new X2!

JohnnyB
07-02-2008, 07:42 PM
Normally houses on my home lake don't go this cheap. Tell me what ya'll think.
http://www.allentate.com/DesktopDefault.aspx?pageid=11&pagealias=ListingDetail&ListingID=1198842&ListingPosition=2&From=Full


Cool...just put my offer in on it :D

J/K

How big is the lake...i.e. # of acres?

D3skier
07-02-2008, 10:22 PM
The lake is small, but large enough for us. Plenty of smooth water when the tubes are not out. The cove it is in is very long and no wake to boot:D

at least until you get out there wakeboarding anyway...8p

trickskier
07-02-2008, 10:31 PM
I'll shoot you a PM depending on tomorrows results..:cool:

Bert, I am sending you a gallon of ORANGE and a gallon of BLUE paint for the "GUEST BEDROOM".........................;)

Willski
07-02-2008, 11:25 PM
Looks pretty good from here. The proce doesn't seem unreasonable at all.

dapicatti
07-03-2008, 12:25 AM
I hope it works out for you. I would love to live on the water, not possible where we are without a really big move. Good luck and keep us posted.

Mag_Red
07-03-2008, 12:36 AM
I'm be all over that! Good luck!!!!!!!!!!!!:headbang:

lanier92prostar
07-03-2008, 01:22 AM
Buy it now!! My neighbor saw a 1 acre lot on our lake (Lanier) for around 600K. Just for the lot. Can hardly see the lake from the lot.
Looks like a good deal. Make sure you get it inspected before you sign on the dotted line.

Monte
07-07-2008, 10:49 AM
Thanks for all the responses. My home computer got zapped last weekend, and is still in the repair shop.
Negatives
The house is most definitely a fixer upper.
1) It had fleas. I don't mean a few fleas, I mean like "attack mode fleas". When I walked out I had to swat about 25 off each leg. (needs fumigation)
2) needs a new roof
3) they smoke like freight trains (obviously) new paint and flooring.
4) basement needs finishing.

Positives
1) 3 slip dock is bada**
2) It is on the lake
3) No wake zone
4) relatively flat yard
5) CAN be a really nice home.

Gonzo
07-07-2008, 11:03 AM
All I needed to see was boat lift!!! That house looks very nice! Looks like its level property unlike my unruly hilly property!

Workshop in basement too! All over that, looks like pleanty of dock space for me to pull up to as well for those long weekend visits....

by the way, Hi My name is Cory this is my wife Robyn, lets be friends.

peason
07-07-2008, 11:13 AM
Monte, the big upside is #5,if the bones are good - it CAN be a really nice home. We bought our lake home 3 years ago and have put a lot of time into re-doing if for our tastes - I have a lot of projects that need to get wrapped up, but this place feels a lot more like home than the brand new house we left to buy a major fixer upper! We just had a home go on sale 3 doors down for $600,000. Lot is very nice, home looks nice, but I have not seen any pictures on the internet. We are on a twin lakes with approx. 200 acres of water with no wake until noon. The real estate market is dead from what it was 2-4 years ago, but we have noticed some homes selling recently. Why not make a contingent offer and get your current home on the market ASAP. One upside to the fleas is it will keep others from buying the house.

Monte
07-07-2008, 11:21 AM
One upside to the fleas is it will keep others from buying the house.

You read my mind.. I just don't see how people can live that way:confused:

SkiDog
07-07-2008, 11:38 AM
I happen to know a contractor that may be willing to come ALL THE WAY from Ga. to help get it tip top shape!:D But he's my philospy on what it'll cost ya.




good price




good quality ------------------------ speed of job

This is supposed to be a triangle.





You can pick any TWO of the above. Thats it.
When do I start?:D

Monte
07-07-2008, 12:05 PM
As soon as I sell my house.....

SkiDog
07-07-2008, 12:17 PM
As soon as I sell my house.....

Did you lock up the new one?

TMCNo1
07-07-2008, 12:18 PM
You read my mind.. I just don't see how people can live that way:confused:


Be glad they didn't have bloomer crickets!

ShamrockIV
07-07-2008, 12:22 PM
fleas???????

man babymama would have run for the hills when she saw the first one!!!!

Monte
07-07-2008, 12:25 PM
Did you lock up the new one?

Not quite, I'm pretty sure we are going to make an offer, first I want to see it again without running through it swatting fleas. I also want an inspection. If somebody can live that way, there is no telling what else they were able to put up with.. Should I rub down with advantix??:confused:

We will have to sell our house first... So we will have to do a contengency offer anyway..

Monte
07-07-2008, 12:26 PM
Be glad they didn't have bloomer crickets!

That depends on how loose the britches were...

Monte
07-07-2008, 12:28 PM
fleas???????

man babymama would have run for the hills when she saw the first one!!!!

Oh it definitly put major doubt in her head... Good thing is fleas can be killed..