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House making me depressed

4 years ago

Hi! My home is making me depressed.
I bought a solid home that needed some updates and now things are breaking that is turning into a complete money pit! Plumbing, electric, attic insulation, front door entry that costs $10k, garage door, etc. Just when I think it is over, animals got into my attick. This is getting to point of beyond manage able because financially I cannot keep up. I am thinking about selling and home prices in my area are insane! I am at the point I can't finish some home updates as I am terrified to find out what is lurking behind the walls... what would you do?

Comments (10)

  • 4 years ago
    last modified: 4 years ago

    I would do my best to get rid of whatever is in my attic, and fix what really needs fixing, and then maybe think about selling. Everything has to be disclosed when you sell, so better to see things repaired, than a money pit of problems.

  • 4 years ago

    Something drew you to buy that home. That something is still there. I am in the same situation of money pit house, little money, but I love my house. Take care of urgent needs like leaking roof or pipes first. I couldn't tell from your post what is already fixed. If it can wait, let it wait. My

    backyard, my bedroom are my oasis. Everywhere else not so much. Can't afford to update kitchen so i painted the cabinets a moss green. Literally, every person that has seen them gets excited and the crappy kitchen gets lost in that admiration of my green cabinets. Weird. Here is an email I use as a not for business if you want. Cause like I said my situation close to yours.

    Ram950@hotmail.com.

  • 4 years ago

    This house felt like home when I bought it. Saw myself living here for some years. However, that has changed with these costly repairs and trying to update which I am doing myself. Right now I have to figure out how to pay for this, like right now I have about $20k in repairs coming up, and 2 are more urgent resulting in about $12k in repairs. I am worried of I dont act quick they are going to cost more down the line. One of them i can go a cheaper route, but I feel like everytime I've done that, it just backfired on me. Even if I sell it will show up on inspection.

  • 4 years ago

    This reminded me of all the problems I had when I first moved into my version of This Old House. Assuming you can afford the ongoing expenses of this house, the situation will get better over time. In the meanwhile, I wonder if it would be possible for you to get a home equity line of credit that would help with the major things that have to be fixed upfront.

  • 4 years ago

    How did your front door entry cost $10k?

  • 4 years ago

    I am going to look into a home equity line of credit, and see what my taxes come to. My front door entry has side lights and wider than than the standard, it would have to be custom. I had 4 quotes. I think im going to attempt to fill the cracks, and caulk around where it is cracked and try to do that next year. Ugh this blows. Its honestly a nice house and with what I can get for it, doesn't make sense to sell. When paying closing costs etc. I did the math.

  • 4 years ago

    As others have noted, I would make a priority list of the “need to have done” vs the “would be nice to have done”. Sometime if you can just see the absolutely must haves it could be less overwhelming. Good luck!!!

  • 4 years ago

    It sucks feeling down and like you can’t get up. I’m sorry to hear it. It could be you may have to sell the house. But unless I couldn’t afford the house even if it was good condition, or it was about to fall apart, I’d try to see if I could make it work first. Get more quotes, figure your budget, and prioritize repairs.

    Is there a handyman person you could barter with for services? Offer childcare/babysitting, pet sitting, whatever. Rent out a room in exchange for work? If you belong to a church ask around there as well.

    But before you pay anything learn about the problems and going repair costs in your area.

    Maybe show pics and describe some of the issues (like front door) and see if anyone here has advice on repair options. As opposed to replacement costs.

    An exterminator can help with the animals and also identify and seal entry points. We had rats and raccoon families in our old house. At one point I jumped off the couch Bc they were so loud into he wall I thought they were next to me. It didn’t take the exterminator long to get them out and seal holes.
    Before we could afford new insulation, DH bought some sheets of radiant barrier and stapled them yo inside the attic. Perfect solution? No. Affordable and helped enough temporarily? Yes
    Eventually when we replaced all the insulation I paid extra to suck out the old, including the rat turds 🤣

    Plumbing fixes can be costly but you don’t always have to replace it all. Instead opt to cut out and replace a leaky section for now and start saving and planning for a total redo if it’s headed that way. We had a plumber tell us our galvanized pipes were ready to burst but we could only afford to fix the leak at the time. 10years later we sold with those same pipes still working. Working great at optimal flow? No haha. But also not busting and flooding our house.

    My point is there are often fixes you can do that maybe aren’t best long term but are good enough for now. Don’t feel bad about doing that. There are many people on Houzz who seem to have unlimited funds and budgets, but for most of us we have to do what we can when we can and pray in between.

  • 4 years ago

    Any house you buy, including the next one, be it an older home, a new build or a handsome flip, could be riddled with issues you don’t see until after the paperwork is signed. Animals can get into any attic, pipes can freeze, the a/c can die, etc. Better to deal with the devil you know. And think of the good karma points you’ll accrue when you leave a house better off than you found it.