¿Comprar casa económica? // Buying a low cost house?

Greetings colleagues. A few days ago a friend of mine told me: they are selling me a very cheap house and the first thing I asked him is: "What state is it in? he told me: "I see it well, but it is old". I answered him: "that is why it is cheap".

Buying a deteriorated house, with its own land, can have advantages or disadvantages depending on the circumstances that are analyzed.

• If you are interested in the land to build a building, go ahead with this option. Many of these situations are seen in cities or sectors where real estate development is dynamic.
  
  
  On one occasion I observed that a developer insisted on buying a house because he was interested in that location, as it was strategic for his project. The owner was not interested in selling. The company was so excited about their project right in that location, that they were trying to negotiate, looking for a price that seemed attractive to the homeowner. As they say over there. "Everyone has a price."
  
  After a while, finally, the sale materialized and today there is a very tall apartment building there. On the other hand, the seller of the house would buy another property of his liking and would have additional money left over to save.

  In conclusion, under this circumstance the urban design of the city added up by making better use of the land and offering more housing solutions for the same area.

• Returning to the main idea, if you are interested in acquiring the house to live in, let me tell you to think twice because sometimes cheap can be expensive. If the house is very deteriorated and you do not have the plans that allow you to carry out in an expeditious way the repairs of sanitary facilities at the time of exhibiting some humidity. The problem will always be to break more than necessary, which will undoubtedly increase the budget.
  
  
  
  The fact that the house does not have plans can be due to 2 circumstances: 1. That they have been lost in the course of time and 2. Because the house was not built by experts, being this case the worst, because possibly inadequate or insufficient construction materials have been acquired, and worse, the structure was not executed correctly. These are major mistakes, which significantly decreases the useful life of the property.
  
  
  
  If the building is about to reach its useful life in the short term, the best decision will be to demolish and build again; if on the other hand, the useful life will be reached in the medium term, it will be necessary to review and repair not only the sanitary installations but also the electrical installations, in addition to making adjustments to the masonry and roof.
  
  In both cases an investment will be required. With the help of an engineer, architect or a company specialized in construction projects, you will be able to quantify the amount necessary to restore the conditions of the house and at that moment you will be able to determine if it is convenient or not to acquire the property.

If there are many doubts, I suggest you evaluate other options, perhaps it is more convenient to buy a more expensive house but in better conditions of conservation that will avoid you later on huge disbursements for repairs. Always seek good advice to accompany your decisions.I hope you find this information useful.