Consulting the real estate market for a new condo can be a real drag. There are so many things to examine for each condo you look at, and it can all be honestly time consuming as well as exhausting. There are exterior as well as interior problems that have to be addressed such as the condition of the roof and walls, grass condition, any possible trees or other big objects that will need removing. Also the general condition of the house, structural defects, as well as the condition of any appliances such as the gas furnace, air conditioning, and anything the owner is leaving behind. That is just a partial list, although I think you get the point.
I was just looking at a locale that I am considering. It requires a lot of work, but it is dirt cheap. The house is owned by a woman who inherited it when their father died and it needs more work than she is willing to put into it. I am checking the numbers to see if the deal is worth the cost. I will have to remodel everything and buy a current air conditioning, gas furnace as well as all the appliances. The ducts need treating so do the stairs and roof.
It is a very big job, but it would make the locale mine in a larger sense that just buying a house that needs no work would. I will really need to contract out some of the work like the gas furnace & conditioning to an Heating & Air Conditioning business. You simply can’t do everything yourself no matter how tough you try.