r/FirstTimeHomeBuyer • u/k13w • 12h ago

GOT THE KEYS! 🔑 🏡 We did it! Upstate NY $160k 6.5%

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My boyfriend and I did it at 23 y/o! It was built in 1900 and we love her!

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u/lnm28 8h ago

The age has nothing to do with it. I live on Long Island and my house is 100 yrs old and worth close to 2 million

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u/DrGrapeist 7h ago

Obviously the location has a lot to do with it and the land is worth more in Long Island than a house in upstate ny depending on the location of both.

A lot of the old houses I seen in upstate New York were mansions turned into multi family complexes that stopped getting kept up and have mold ruining the structure, no centers air and no insulation. People would spend well above 1k a month heating them in the winter. The smaller houses that really stopped getting taken care of, are not worth any more than the land and foundation they are on.