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byudrew
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I am amped to be moving back to New Orleans with my wife, and we are both really looking to help rebuild and re-new.
My question is this. We are looking around town and into Metairie, and Kenner and I keep getting drawn into wanting to buy one of the gutted houses (that pre-katrina sold for $200,000) and put the interiors in that we want rather than purchasing a home that is already " all there inside." I have seen a few gutted 3 bd/ 2ba houses in Lakeview that are selling for $70,000. I figure I can throw $30,000 in repairs in that and get an awesome starter home for the wife and myself.
Has anyone done what I am describing? Has anyone just bought a gutted house and rebuilt it and been happy with their decision? Is there anything you would have done differently? Would I be better off buying a home in Metairie? What should I do, I really could use the input on such a key matter?
My question is this. We are looking around town and into Metairie, and Kenner and I keep getting drawn into wanting to buy one of the gutted houses (that pre-katrina sold for $200,000) and put the interiors in that we want rather than purchasing a home that is already " all there inside." I have seen a few gutted 3 bd/ 2ba houses in Lakeview that are selling for $70,000. I figure I can throw $30,000 in repairs in that and get an awesome starter home for the wife and myself.
Has anyone done what I am describing? Has anyone just bought a gutted house and rebuilt it and been happy with their decision? Is there anything you would have done differently? Would I be better off buying a home in Metairie? What should I do, I really could use the input on such a key matter?