Ridiculous prices for old houses in t...

Ridiculous prices for old houses in this area.

Posted in the Huntington Forum

crooks

Huntington, WV

#2 Nov 3, 2013
yep
crooks

Huntington, WV

#3 Nov 3, 2013
try barboursville or even better Ohio
Drone

Huntington, WV

#4 Nov 3, 2013
Home Buyer wrote:
Been looking at homes in the Ritter Park area. These people think these old houses are the Ritz or something.

Looked at several. A couple of them were charming. My husband pointed out the need for most all them needed extensive tuck pointing of the bricks, had old knob and tube wiring, old cast iron drain pipes etc.

These people think they can sell the houses for 170,000 when they need all this work? We can build a house as cheap. a new house.
Oh all those southsiders think they are all prestigious. Shit. They would have to pay me to live on the south side. Try paying the heating bill in one of those ghetto fabulous homes.$600 a month, 10 yesrs sgo.
Used to live there

United States

#5 Nov 3, 2013
Its a free market. You dont have to buy there. Go buy a pos stick house with siding in Island Estates. Or better yet, a double wide. Its worth whatever people are willing to pay.
Derper

Huntington, WV

#6 Nov 3, 2013
Home Buyer wrote:
Been looking at homes in the Ritter Park area. These people think these old houses are the Ritz or something.
Looked at several. A couple of them were charming. My husband pointed out the need for most all them needed extensive tuck pointing of the bricks, had old knob and tube wiring, old cast iron drain pipes etc.
These people think they can sell the houses for 170,000 when they need all this work? We can build a house as cheap. a new house.
Go to it. Build a new home. Enjoy the health problems you'll get from the Chinese drywall and other crap they call "building materials" now days. I'm surprised about the knob and tube, tho. That's so old the person who owns that house is so much of a tightwad that they are dangerous. That's just stupid.

But I'd rather have an old, old home and renovate it properly and respectfully than any McMansion. Those things look like crap.
1 post removed
General Contractor

Charleston, WV

#8 Nov 3, 2013
Derper wrote:
<quoted text>
Go to it. Build a new home. Enjoy the health problems you'll get from the Chinese drywall and other crap they call "building materials" now days.
Versus lead paint and asbestos in the old homes lmao.
Derper

Huntington, WV

#9 Nov 3, 2013
Not saying there aren't things that don't need switched out. I'm just saying that the woodwork, etc., the craftsmanship, makes it worth the labor. Gotta spend money to have anything.
1 post removed
Drone

Huntington, WV

#11 Nov 3, 2013
Derper wrote:
Not saying there aren't things that don't need switched out. I'm just saying that the woodwork, etc., the craftsmanship, makes it worth the labor. Gotta spend money to have anything.
True.
Historical Home Owner

Kenova, WV

#12 Nov 5, 2013
I am currently revamping a historical home as we speak. I purchased it for 31,500 and its three stories. We are having all the wiring redone and the plaster has been tested for asbestos and is negative. It is old horse hair plaster. We have some shoring to do in 2 parts of the foundation, the roof needs repaired, and we might need to install new windows slowly over time. I know its a long road ahead, but in the end saving something will be worth more than tearing it down.

BTW - Many people do not know this, but you can actually sale your slate roof if its starting to fail and you do not want to repair it. The money earned can then be invested in a new roof.
1 post removed
Laurel

Huntington, WV

#14 Nov 5, 2013
This is one of my major frustrations as a prospective home buyer in Huntington. I actually love the architecture and character of an older home and don't mind putting in the work to refinish floors, paint, update the kitchen and baths, etc...but I'm not willing to take on extensive (and expensive!) issues like new wiring, plumbing, etc. when a house is priced at the going rate for a new build.

A lot of these homes are priced based on sentimentality ("My grandfather built this house! I raised my kids here!") and are completely out of touch with the reality of what it would take to modernize and make one of these places liveable.

Level 4

Since: Dec 12

Front Royal, VA

#15 Nov 5, 2013
Homes are not inappropriately priced here. They are worth what people are willing to pay for them. The median sale price for homes in the southern region of the USA, is $181,000 and if you look at the local listings, most homes here are well below that number.
Buyer

United States

#16 Nov 5, 2013
We have moved around a bit and have bought homes in a couple different areas - including here. The market here is unique. In my experience, the asking prices for most homes here are grossly inflated, but they often sell well below the published asking price. Make an offer. You might be surprised.

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