It was worn in parts, with scuffed floors, some broken spindles in the staircase, and a kitchen that needed renovation.
This will include the purchase of commercial building sites or existing buildings that need renovation, coordinating the construction/renovation, then managing the rental of the property.
Meanwhile, the odds of squeezing out extra education funding from the state are slim, especially as several other schools in the Lower Kuskokwim district that need renovations and additions are competing for some of the same pot of money.
According to Cathy Franklin, a director of Brown Harris Stevens, town houses in the East 90's that needed renovation have sold in the $4 million range over the last few months, but brownstones at all price levels have sold quickly.
"If it's a $5 million apartment that needs a renovation, whoever buys it is going to do a gut renovation," she said, and choose exactly the appliances they want.
A new presenter is a bonus, but Homes Under the Hammer is a show that needs no renovations because it's already perfect daytime TV.
Some buyers see a risk in buying a house that needs lots of renovation.
Rising construction costs and more onerous construction rules in some co-ops have made a lemon out of anything that needs a gut renovation, once a mainstay of up and down markets alike.
WHAT YOU'LL PAY The homes in Edgewater Park run the gamut in price from $39,000 for a house that needs a gut renovation, to almost $200,000 for a two-bedroom ranch, to as much as $375,000 for a renovated cottage on the water.
