I am wanting to buy a mid19th century brick plantation home. It's sits on 3.8 acres. A contractor has inspected the place and says that the house is very sturdy. The interior walls are nothing but the studs. It has the original windows (28 tall ones) which all need replaced. The electric wiring, plumbing, furnace and water heater are brand new--never been used. There's $36,000 worth of work to be done on the interior...just enough to make the house liveable. The brick work is going to be $28,000. The house with the land is selling for $40,000. My credit score right now is 599 (fair) and my boyfriend makes enough to cover a $500/mo pmt. Our rent right now is $500 and we'd move right into that house so we'd only have the one pmt. There are some other necessities we'd need to get for that house...like sinks and toilets since they didn't have indoor plumbing back then. So, I guess we'd be looking at trying to get a $150,000 loan.
2006-06-30
05:45:43
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9 answers
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asked by
Fulita
4
in
Decorating & Remodeling