We Bought An Ugly House Today

[Sylvia B.]

So we bought a project today. Built about 1960, 3/1.5, 1580 ft², good location, $29,000. But it's ugly.
Front entrance, view from drive, and back of house:

We will work on this one off and on, as we have the time and inclination. We'll probably take 6 months to a year to finish. We haven't made final decisions on exactly what we'll do to it, but one thing's for sure - we're upgrading the electrical service.

That's a 100 amp panel. It's a little hard to read the labels in the photo, but this is what they say, starting at top left:
Water heater, Bedroom receptacles, Hall & Utility lights, Living rm wall plugs, Kitchen & furnace, Lights, and Range (unlabeled).

Yes, that's one circuit for the entire kitchen and the furnace! 

Ah, well, how would we spend our time if we didn't keep buying projects?

[Jay Hinrichs]

Originally posted by @Theresa Harris:

Looks great.  Hard to believe it was only $29K.  In one of the markets I invest in, you'd need to add a 3 to that number, yup it would sell for $329K and still be a bargain.

or it could be in Palo Alto and you simply add 5 zeros to the end..