I bought my house for 38k needing a roof, new insulation, new windows, new siding, new drywall and floors in every room except the living room, which needs to be refinished. also needed a new bathroom from the joists up, a new kitchen, all new electrical, new heating system, new chimney, all new plumbing including the sewer lines, foundation repointing and a new porch.
It's easier to list things I am keeping: most of the frame, the kitchen sink, most of the foundation, the hardwood floor in the living room, the front door, the stairway railing, the water heater, the basement sink, and the utility hookups.
I have no idea what it'll be worth in 5-10 years, but I'm hoping 100 to 150. That will buy me a much larger plot of land in the middle of nowhere to build from scratch on. I don't like having neighbors because at least one of them inevitably annoys me or wastes my time.
- Ken "building a house one piece at a time working alone, dirty job but someone's gotta do it" Stein MWC sackriders for life!