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Picked a fixer-upper over a move-in ready house in Richmond and I'm not sure I'd do it again

After sinking $22,000 into this 1970s split level just to get the plumbing and electrical up to code, I'm sitting here wondering if I should've just taken the smaller but finished house down the street instead, has anyone else regretted their decision to buy the cheaper fixer upper?
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3 Comments
wells.evan
Honestly the whole "I can fix it" dream usually costs way more than just buying the nice thing.
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nancyramirez
My uncle spent $400 trying to "fix" an old lawnmower he found on Craigslist. New carb, new spark plug, new blade, even repainted it and still wouldn't run right. Ended up giving it away and buying a $250 mower from Home Depot that worked perfect out the box. I used to think I was being thrifty but now I just see it as wasting time and money on junk.
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fionat55
fionat551d ago
That's a good point, but I gotta push back a tiny bit on the cost part. A new carb for a basic mower is like 15 bucks, spark plugs are 5, blades maybe 20. Where'd the other 360 go? Sounds like that uncle got taken for a ride at the repair shop more than anything else. @wells.evan is right that fix-it projects can balloon, but sometimes it's about finding a solid used mower in the first place, not rebuilding a basket case.
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