My spouse & I purchased an apartment in a historical town of Jacksonville, Florida.
My associate and I were delighted by the charm of the original architecture, big windows & hardwood floors.
My associate and I were able to afford the property because it was quite rundown & in need of major repairs. Since she & I are both quite handy, my pal and I had plans to handle the work on our own. My associate and I hoped to save some money & renovate the property to our personal preferences. However, my pal and I soon learned that historical homes require specialized approval for any repairs or updates… Getting permission is time-consuming & difficult. My associate and I were not allowed to update the windows with modern, energy-star alternatives. My associate and I weren’t allowed to update the roof with a more energy-efficient, fire-resistance material… Everything my pal and I tried to do was way more upscale, complicated & challenging than expected, however because of all of the requirements & limitations, my pal and I couldn’t afford to keep up with the deterioration of the house. My associate and I dealt with sewage backups, water leaks & a crumbling foundation. Eventually the multiple code violations meant that the dwelling no longer complied with local building codes. The electrical system was so old that my pal and I were nervous about fire or electrocution. The only way my pal and I managed to finally sell the property was through a moneyed apartment buyer. My associate and I contacted a local Jacksonville money apartment patron who provided a no-obligation offer. The offer wasn’t as high as going through conventional means, however my pal and I were relieved to get out from under the responsibility. The money patron eliminated the need to make repairs, get approvals & pass an apartment inspection. There was no worry over financing, qualifying for insurance or realtor fees.