I have a quazi-theorhetical question for you. If you find the right-sized house in the perfect location for a lot less money than the surrounding homes, do you buy it even if it will talk LOTS of work to make it habitable? At what point is the steal of a house not much of a steal? Is replacing the roof and some of the windows the cut off line? What about peeling wallpaper and pulling up carpet? Replacing the kitchen? Patching holes and repainting the entire house? Fixing a leak in the basement? Where do you draw the line?
Or is your dream home worth any amount of work?
This is not it, by the way.