Sunday, June 03, 2007

Check this house out...


We've been to look at this house twice now. It's only two bed/two bath, which is what we currently have, but it feels much larger than our current house (probably due to its high ceilings) and it sits on a full basement and has an expandable attic. The main level is move-in ready, so we could move in and finish the basement while living there and rent out our current house. We're just not 100% sure. The house is in the neighborhood we want and has a decent elementary school. It's just over a block from Grant Park and the zoo, so even though it has a teeny yard, we're not far from grassy recreation. We know we can get it for less than it's listed, since the owner is going into foreclosure next month and really wants to move it fast. There are really fancy homes just down the street selling for over $350k; so there's the potential for a lot of equity if we finish the basement and make it a four bedroom house. Take a look and let us know what you think.

4 comments:

Tad said...

Its darling! Big decision, but your husband is so handy, I am sure you get way more out of it if you complete the basement and add bedrooms. Good luck, as long as its still in the ward!!!

Laura said...

What a cute place. It looks like they've already done a lot to renovate it, and its in a great area at a good price.

VirtualM said...

Yeah we're just scared about the whole 'second mortgage' thing. We just want someone else to tell us what to do! :)

Jan said...

I think you should go for it. Looks like a great deal with lots of potential. Good luck deciding.