Posted by JHyre in Ohio on February 25, 2001 at 16:39:26:
Repairs would cost me about $900 to $1700 on this one…mostly materials (especially carpet), I have a good crew. If you use independent professionals to plumb and lay carpet, plan on spending more like $2000 to $2500, at least in my market…and assuming you’ve caught all of the flaws in the home. Given that, I probably wouldn’t pay $1500 in my market…2BR’s sell slowly around here, this one for about $9,000 on a note with @ $500 down…I’d spend the money on a 3 BR unless 1979 2BR is worth more in your market or you can get it for a bit less, say $1,000.
Of course my market may be nothing like yours.