So, you’ve found a house you’ve fallen in love with. It’s sort of out of the mainstream. Maybe it has something strange like an elevator in the bathroom or a kitchen addition shaped like an octagonal spaceship? Whatever it is, you love it and you’re wondering if you should buy it.
The answer is yes. Yes, you should buy it. A house is an investment so you want to make a good financial decision, but it is also an investment in your happiness.
However, there are some things to realize and take into consideration before you do.
The main thing you want to avoid is overpaying for it. Most houses like I am talking about tend to have limited appeal in the broader market. It can be difficult to determine the market value since it is nothing like the comparable sales in the area that a realtor or appraiser would use. It takes a bit more of a gut feeling than hard science to figure it out.
Realize that when it comes time for you to sell it, it might take longer. You’ll be waiting for somebody just like you who cherishes all its quirks and features. The good thing about this type of house is that once you find that person, they usually don’t have a back up plan. They aren’t interested in any other house on the market.
Many years ago, I had a very unique home listed. It was an old house that had been totally renovated inside. It looked old on the outside but new on the inside. It was in town but it had 3 acres and felt like a mini-farm. The primary bedroom was “Open concept.” There was no door going to the upstairs primary bedroom. You just walked up the stairs and just like that, you were IN the bedroom once you took that last step. Also totally open was the bathroom. Like, the shower and even the toilet were just sitting there visible from the top of the staircase and from any vantage point in the bedroom. It took forever to sell. The buyers said they had been looking for a long time and fell in love with this place. They had to have it. Literally probably 100 other buyers had given it a very hard pass. That is just how it goes with unique houses.
That’s all I got. Buy it right. Go in knowing it might not be easy to sell. Enjoy your stay in the house between those two points in time.
