u/Equal-Editor3010

Hi folks,

Wondering if there are any good rule of thumbs to follow when looking at buying a home on its potential to retrofit/ how much things can be improved before a reconstruction makes more sense?

New construction costs are such that we are priced out of that. Instead we are looking at lot sizes / older well built homes that allow us to renovate overtime.

Here is an example:

https://www.zillow.com/homedetails/3767-N-Raleigh-St-Denver-CO-80212/13312228_zpid/?utm_campaign=zillowwebmessage&utm_medium=referral&utm_source=txtshare

Of course I could consult with professionals in this space, but I'm more interested in sense checking when searching for properties before knowing when to move on and continue search versus spend money for inspections etc and invest time in pursuing.

Thanks all!