How do you approach a house you’re going to live in

[Andrea S.]

How do you approach a house you’re going to live in.We are getting ready to bid on a property that instead of renting we are thinking about living in for a few year (5-7).It will be a rental till my husband retires form the military (2 yr) and then may become a rental if we move on.The house is in a good location.The neighborhood is older, but the homes are being revived. It’s close to good schools and down town, has a big lot, but is a foreclosure and needs 20-25K worth of work that we can see.After repair value is 130K I’m hoping to get it for 60-85K.Would you pay more for a home you’re going to live in?I do want it to be a sound investment.