Hi Real Estate Reddit!
My wife and I are looking for our dream home but are fairly specific in a few things what we want. We’re looking for something like a 100 year old house that needs to be renovated with enough space for our growing family. We’ve looked at a handful over the last few years and nothing has ever been successful.
Today we looked at a home that matches the major things we want. The twist is the previous owner was a general contractor and at some point started renovating the entire home but never finished. Some things of note, all the plumbing is new and appears to just need hooked up. All the electrical is run but only some of it is actually finished being properly connected (some electrical boxes just have wires run without being hooked up, lights are wired in, etc.). HVAC ducting is mostly done but the final runs to hook up the living spaces to the basement still need run and a furnace needs to be installed. Almost all of the drywall is in and mudded. A few rooms have flooring down but other than that it’s just plywood subfloor.
Considering all of this, we’re still very interested in the house. I’m personally comfortable doing alot of renovations but the scale of this is out of my league and frankly I wouldn’t have the time to do everything.
So with being very interested in buying the house and not being able to do all the work personally what should my next steps be?
I think this would have to be some type of construction or renovation type loan. Do I need to get it inspected or have a GC look at it for estimates before or after making an offer? What order should this be done in?
If any other info would be helpful just let me know! Thank you in advance for any advice too.