A millennial couple bought an abandoned cottage for half the price of nearby houses. It's a major fixer-upper, but it's worth it.
Two 30-year-olds said buying the "worst house in the best neighborhood" was their only way to afford a charming town where properties go for $600,000.
- Greer Gagnier and Kyle Verma bought an abandoned house in a bucolic riverside town in Rhode Island.
- Buying "worst house in the best neighborhood" helped them score a home in a tough market, they said.
- They said buying a fixer-upper was worth it even though renovating added costs and took hard work.
Buying the worst house on the best street is one of the oldest tricks in the real-estate book.
While not everyone agrees with the proverb, a millennial couple who landed a house in a bucolic Rhode Island neighborhood for half what homes in the area usually cost swears by it.
The last year has been filled with milestones for Greer Gagnier, a property manager for her family's real-estate business, and Kyle Verma, who works in finance. After years of dating, the couple, both 30, got engaged.
And, after two years of looking for a starter home in Rhode Island's Pawtuxet Village, a town near Providence where Gagnier moved after college, amid an increasingly challenging housing market, they found it — take a look.