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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Neeka who wrote (8189)	1/17/2003 12:00:50 PM
From: GraceZ	Respond to of 306849

It's called vision Yup. Years ago we picked up a rental property in the city for a song. The place was a wreck but it had some really nice features that weren't easily duplicated. We did the renovation work ourselves because we had the tools, skills and time. Friends would stop by for a tour. I started separating our friends into two piles, ones who had vision and those that didn't. Some people would get really excited and talk with us about what it would look like when we did this or that....others would walk around with a face that clearly showed they thought we were out of our minds to get involved with such a project. Then of course when both groups came to visit the finished project they thought it came out great. Some people just can't see it until it's fleshed out. There is a house that was a stone shell about a mile down the road from me. It was one of those derelict houses that had been abandoned for years, the roof fallen in and had been vandalized. Every time we'd drive past it, I'd say to my husband that the stone hulk could be turned into something great. He'd look at it and say.....now there's a lot of work. Someone else got my idea and bought it about a year ago. They built an addition off the back and restored the whole thing to look just like the original but with all the modern conveniences, pointed up the stone walls, etc. It looks fabulous and they will probably flip it for a very decent profit. While I'm glad someone did it, it pisses me off every time I drive past it that it wasn't us. But I have my eye on another property....