I put about fifteen thousand into buying this house, so that tells you it is not precisely a lavish abode. Instead it is a bit of a mess. However the neighborhood is rather a lot nicer. A bunch of people have bought houses in the immediate area and fixed them up rather nicely. So that tells you that you can get a good price, there is a sort of suburban sealing to house prices in any area. If your house is already the nicest house in the neighborhood, then there is not so much you can do to make it worth a lot more than it is. Any improvements you make will have a relatively lesser impact than if you had the worst house in the area. Location is vitally important and if this house was in the middle of a bunch of other houses in a similar state of disrepair, then I would not want anything to do with it.
There are a couple of other places in the area that are vacant and in need of work. In fact I am going to try to arrange a deal on the one just across the corner from this house. I figure that makes a ton of sense for me, since I am going to be working on this one a lot and obviously if I have another project it is a lot better if it is very near the first one. I am not in a rush though, because right now I can write off some of the losses from the improvements and I know a guy who is going to move into this place while it is being done. He and I are doing things in such a way that we do not involve the United States government too much.