Poking Around

I looked at three houses today in my neighborhood. One, which was going for all of $124,900, smelled so badly of cat piss, I could almost taste it on my tongue 3 hours later. I'm all for DIY renovations, but there's no way I could salvage that place. Not only was the stench unbearable (and I am totally a cat person), but the layout was all wrong: a tiny, disjointed, dark kitchen; a rabbit's warren of bedrooms upstairs, a deck only accessible by pushing out the bottom part of the window. But the good thing about looking at that place was meeting the neighbor from across the street, a kitchen renovator who handed me his card with a sweet smile. He and his wife lived across the street from the house for sale, next door to his sister. He also thought the house was a good deal, and said houses for that price rarely came for sale in the neighborhood.

One of the other houses I looked at was much nicer, but was also 3x the price of the first. This one was a two-unit with a single-family house feel. An elderly woman lived there, and the decor reflected the occupant. I could see past that; what I couldn't deal with was the vague sound of Interstate 295 that hummed in the distance. There were views from the upstairs window, but I didn't want a view of the highway, even if Back Cove and New Hampshire could also be seen. When I lived in New York, I spent 5 years within spitting distance of the Brooklyn Queens Expressway, and to this day, the sound of highway noise stresses me out and reminds of waking up at 4am to the sound of massive semi-trucks downshifting in traffic outside my window.

Finally (well, not so finally, this was the first house I looked at, but I after I saw the other two I went back and looked at the first with a different mindset) I saw a two-unit on corner of one really nice quaint street and one sketchy not-so-great street. Besides the location, there isn't much to recommend it. The broker and I counted five layers of peeling linoleum flooring in the kitchen, there was fake wood parquet floors elsewhere, wood paneling in most of the rooms, vertical vinyl blinds, dropped ceilings, and on and on. But there was also decent light, some nice molding around the window frames, and the potential to create a really nice open concept kitchen/eating area. If we got a tenant for the downstairs, our mortgage would be eminently affordabel. But, to give you an idea of what we'd have to do to the place to get it rent-worth, here's the living room.