What’s the most amount of money you would pay for a home that needs a serious renovation?
I’m not talking about a quick lick of paint and a few cosmetic upgrades – I mean a serious, structural, intensive renovation. Like, you know, ripping out and revamping the kitchen, or replacing the entire roof.
What do you think, around $400,000? Maybe half a million?
Or up to 12 million bucks?!
That’s how much a 300-year-old manor house in England has listed for… Despite the fact that it’s literally being marketed as a “ruined” mansion!
The 18th century baroque house has been partly restored and includes a working aviary, amongst other unusual features.
The current owners bought the home in 1987 and commenced upgrades, but like many renovators, they bit off more than they could chew.
If you’ve got a lazy $12 million lying around and you’re in the market for a unique piece of real estate, check out the ‘before’ photos here to see what your money could buy!
Closer to home, what renovations projects are you planning?
Have you ever embarked on a renovation and for various reasons, had to give up before the finish line? Share your stories in the comments below!
Til next time, happy investing!