foreclosure wisconsin

I have a serious question about buying a home
My husband and I are looking to buy our first home. We looked at a foreclosure that is $50,000 (we live in central wisconsin). It has a nice 2 car garage, new roof, new siding, new windows, and is structurally good. It needs a lot of work on the inside though as far as updating. It needs new carpet and flooring, the hardwood floors need to be refinished and EVERYTHING needs to be repainted. And extra here and there kind of stuff as well needs to be done. My question is about your first home and your experiences with finances and updating…thanks so much!
I have bought and sold many homes… moved in and fixed them up.
This is the time to buy that is for sure. It sounds like the major ticket items have been taken care of. When you move into most any home you will probably do some painting.. that isnt an issue. Carpet isnt that expensive.. and refinishing the floors (if not a must) can wait if you dont have the money. just buy a large area rug.
50,000 for a house…. that is the cost of a nice care… so look at how much time you will have to do the work and go from there…
