Comments by "Helmuth Schultes" (@helmuthschultes9243) on "This is a half a million dollar house in Malverne, NY! Am I being punked? 😞 Part 5 - house hunting." video.

  1. I have little real reference to NY properties in general as I am living here in Australia. That house gives me shivers, there seem numerous defects suggesting shifting foundation, moisture soak into basement some rot or termites, gerneral needs of repairs. For brick constructions here in Australia that house the thickness of cement between bricks is overly large, we have like 1/2 little finger thickness cement, that thing looks almost thumb thick. I would be totally put off that place as to me it looks on the way to serious decay, requiring much upkeep and repairs and renovations. Depends much on how it compares to what is generally on the market, as I can imagine most good homes are being retained and not sold, unless compelling deficiencies force existing owners out. Certainly there will be some good to excellent deceased estate sales, but in many extended families if the property is worth keeping, someone in the extended family or circle of friends happily snap it up before being on the open market. Must have many living in apartments looking at a good deal, so often what is on open market gets to be in some manner rundown, defective or some other deficiency. As properties here go, typically the house is only a fraction of the property price, the site/land is over 2/3 of most existing old established properties, many old properties the house is as low a 10%. Now many people here in the main cities will spend over $500k to knock the house down, to build a new larger house, often double story as most house here were single level, and rare/never with basements, with new house cost under that purchase price, often well under, and end up with a far improved property that might say have a couple hundred thousand building cost, so a higher cost acquisition total cost, but has a value to over the million, or twice the original price if then resold, and end up with a fabulous new home.
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