The house I own now has sold six times between 2000 and now. Mostly because it’s been in a possession of elderly people who’ve lived in the house for 2 or 3 years after downsizing from their original house and then either dying or have to enter care.
As a result the house has basically had no work done on it for 20 odd years and it shows, the person I bought the house off of was one of the first non-elderly people to live in the property and she did do quite a number of important maintenance, but not a lot because she only lived in the house a year and then got married and moved in with her husband, so between me and her we’ve probably added untold value to the property. However had we done none of that and just held on to the house as an investment, we did probably been able to triple our investment in about 5 years.
Not that it’ll do me any good when I finally sell it.
The house I own now has sold six times between 2000 and now. Mostly because it’s been in a possession of elderly people who’ve lived in the house for 2 or 3 years after downsizing from their original house and then either dying or have to enter care.
As a result the house has basically had no work done on it for 20 odd years and it shows, the person I bought the house off of was one of the first non-elderly people to live in the property and she did do quite a number of important maintenance, but not a lot because she only lived in the house a year and then got married and moved in with her husband, so between me and her we’ve probably added untold value to the property. However had we done none of that and just held on to the house as an investment, we did probably been able to triple our investment in about 5 years.
Not that it’ll do me any good when I finally sell it.