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I'm also on board with this approach - for now I just wanted to sense check if we could purchase and renovate a place within a total budget.
I can live with dated decor and barebones kitchen/bathroom for a while but don't want to end up in a situation where we get a doer upper then find out we've totally fucked the numbers and can't afford the work to make it good.
*obviously I would get surveys/quotes/scope the work before actually getting in this situation. We’re not going to be in a position to move until at least next spring so right now this is just theoretical thinking and trying to get a vague idea of what our future looks like.
moog-
We came into our do-er upper with £30k cash to do things gradually. That IMMEDIATELY went on windows and roof. Easily put in twice that now with the big project still remaining.
A lot of it will depend on what you are prepared to live with and for how long. Getting a good, general builder in as well as a survey will help tell you what realistically can wait vs what you will need to do now/immediately.
stevo_com
But it should be a popular opinion (in MY opinion...) - if a place is livable with no major issues, which to me includes maybe rank wallpaper you don't like, a dated bathroom or slightly threadbare carpets, it seems mad to start ripping stuff out/making a mess/firing the money gun before you've worked out how you live in it and what's most important to you.
Each to their own of course and if someone's got a dream plan they're confident with and the bank balance to see it through, fire away I guess.