We have been out house hunting, even though we will likely not list our current house until spring, when the hills are green.
We went through a house in northwest Boise that was 5 bed, 3 bath for about $351K. Why so cheap? A bunch of amateur DIY work that looked awful. A $100K would make it a very pretty modernized 1970s home.
Today we saw a house in northwest Nampa on almost an acre. Never went inside; the gate was open and the house unoccupied. It had a koi pond that made me want to call animal protection. The water was murky, with koi in the bottom and a largely ineffective oxygenation pump. All the extension cords connections were wrapped in plastic bags!
Around the back of this massive wall of concreted stones was the
real pump house; clearly inoperative. The listing described the pump as
amazing. Yes, it was, in the other denotation of the word. At least three pumps and multiple lines to aerate a body of water about five feet deep and perhaps ten feet in diameter. A DIY (disaster is yours) project. The cost of removing this, filling the hole, and planting grass was likely enough to make the bargain price not so bargainy. The rear fence was also a disaster; old and falling down. Rotting Hardiboard and leaking gutter as well.
We looked at some new and almost new subdivision homes in Star that were hovering around $500K and were nice, although on small lots. One actually had a seasonal creek behind it, impairing view-blocking development. And it also had a koi pond but one that was properly maintained.
I am going to take out a mortgage to bridge over until our current house sells; then pay off the mortgage. My loan application will likely cause shock for the loan officer.
Found perfect house in Eagle; while touring it, owner accepted an offer. from someone else while we were touring it.
UPDATE: We saw an even worse DIY yesterday. Spectacular view, but they had built an add-on which used bricks (at least on one side) for a foundation. To get around the drainspout issue, the drainspouts were inside the room, leading out under the floor. The furnace was outside in a shoddy shack open to the elements. They were asking $460K and were disappointed at the very low offers they had received. "The value is in the land."
We made an offer last night on a house in Middleton which sits on a ridge with 1.27 acres. The view is WOW! compared to our current WOW!!! view (three exclamation marks). Shop and telescope storage will be tight. Once we sell our current house in the spring, we will pay off the mortgage on the new house and see if there is a way to build a shop/telescope garage that does not block the view. Middleton is a ways out, but large parcels with any view at all are scarce closer in.
Offer; counteroffer; countercounteroffer; complete. We walked the boundary line today with the owner, an 80-year-old retired Boeing engineer. It was much larger than I expected for 1.25 acres, with a considerable drop in elevation. Any new development will be out of sight.
Now, in spring, we just need to sell our current house to pay off the mortgage and build the observatory. I am hoping four bedrroms, three baths, four enclosed parking places and this view will do the job.