Potential Home

I can't stop thinking about this property. The net amount from the house that we sold is enough to buy this huge property located in the ideal neighborhood (talking about the view minus the storm). It has 2,824 sq ft, with a good size swimming pool with a golf course view at the back. Truly awesome for the square footage and worth for the money. There's a catch though!

As you can see it, it is a brick home. I like it a lot! The yard is alright but, with a landscaping improvement, this will look appealing. The location is few blocks to the beach with easy access to a boat dock. The golf course is right on the backyard , how cool is that?

Anyone who loves fishing and boating, this is a great property to buy because the bayou is just 3 blocks away too. I saw this area 4 years ago and the place is really blessed with beautiful view by the water.

Vaulted ceiling which I love and it has a fireplace which tops hubby's wish-list. Nice floors right? I don't hate the paint colors on the wall but, that's an easy cosmetics to fix.

As I was trying to check this property in other listing company, I found out that this house in good condition is worth 4x the asking price. This is totally a bargain right now. This might look good but, behind that wall, it tells otherwise. The catch that I mentioned earlier? Though the location has a nice view, this area is within the flood zone and this is a fixer upper. Remember hurricane Katrina? This area was flooded. Therefore, this house has a flood damage especially in plumbing and electrical. Plus, insurance premium in flood zone area is ridiculously high! We cannot afford this house. This is a money pit for us.

 

Considering the "catch", if it is you, would you buy this property?