TOO true! The previous owners "fixed" the boiler by jury-rigging it to run 24/7. That broke some parts, which had now been repaired. I suspect that the previous owners preferred to pay for their DISH and other luxuries, instead of their mortgage. DH (atty) used to handle mortgage closings. HIS advice to the girls was that it's all about your budget. You don't want to get into any property where 75% of your income is gone for payments every month. Real estate agents will convince you that you can afford MORE house than you can. Sometimes other people aren't any help. DH's associates was home with her kids, instead of practicing until her DH got a pay cut (6 years ago), and they couldn't afford the $5K/year for private school. Then she got a $33K contract and started spending up to her income. She found, ironically a very good agent for my DD's and for her clients, but she was kinda looking down her nose at what my DD's were looking at. She put her OWN in town house up for rent and bought $350K place in a wealthy neighborhood locally, right down the street from a former IL governor, (and his 17 acre estate.) She has expensive taste, and her mortgage payments only work as long as her tenants continue to pay. She moved to get her kids into a safe local school district, but the expensive house was her choice.
It's kind of a FYI. We looked for our own place for 12 years and I fired 5 real estate agents. It was the same story, they would sort of listen to me about what I had to spend, then show me all sort of places that would work, then assume that I was undercutting myself and start showing me places that I could not afford, and then show me junk. One place had both a second floor that bounced, and a barn with holes the size of a jumbo frank with the bun. I was told that those holes would close up when it rained.
REALLY, buyer beware of your REAL Estate Agent!
I found my place, 5 acres, 100yo, 6 bedroom house with minimal problems, barn w/loft, 2 outbuildings, 4 car garage, $89,900
It had old fencing, now new Horse fencing, and I have put together 3 stalls in the barn, which also has an attached 16 x 19 shelter (with a new manger that we built.)
The real estate agent that got the sale had shown be about 5 possible places before I found this one (1999,) and was listening to me about what I could afford.
I think my DD's bought well. If I have a concern, it is that one or both of them might, in the future, turn down a more lucrative job because they love the house too much to move.
BUT, as WE all Know, fixing up the yard makes the house look really nice!