Fixer-upper bought for $163K, $30K spent
A caller bought a house for $163,000, still owes $150,000, and has already spent $30,000 in renovations with 1.5 years of work still ahead.
Where this was said
Bailey in Lubbock: Sell the Fixer-Upper or Keep Going?
At 13:30 · chapter starts 12:28
Bailey from Lubbock, Texas calls with a question that resonates with anyone who has watched too many HGTV shows: her 'cosmetic' fixer-upper turned out to need new plumbing, $30,000 in work, and will require another year and a half to complete [1] — Dave Ramsey "Fixer-upper bought for $163K, $30K spent: A caller bought a house for $163,000, still owes $150,000, and has already spent $30,000 in renov…" 13:30 . Dave immediately reads the emotional subtext — she's not just tired of the house, she's completely over it, and so is her husband who's been doing all the work himself. Rachel pushes on whether she even likes the house; Bailey confirms it's a constant construction zone with zero peace. Dave's verdict: list it today. Even if the financials are close, no romance in a renovation means no point finishing. He shares his own experience buying a 1898 historic home and opening walls that turned into full room demolitions, spending $78,000 on a $13,000 purchase. The segment closes with a Churchill Mortgage sponsorship read.
Fixer-Upper Regret: When to Cut Your Losses and Sell
Bailey bought what she thought was a cosmetic fixer-upper, but 2 years and $30,000 later, the house is still a construction zone with 18 months of work left. Dave and Rachel's verdict: sell it. Emotional exhaustion, not finances, is the clearest sign you've lost. No romance means no point finishing.
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