- Gré Gagnier and Kyle Verma bought an abandoned house in a bucolic riverside town in Rhode Island.
- Buying “the worst house in the best neighborhood” helped them find a home in a tough market, they said.
- They said buying a building to renovate was worth it, even if renovating costs more and requires a lot of work.
Buying the worst house on the best street is one of the oldest tricks in the real estate world.
While not everyone agrees with the proverb, a millennial couple who scored a home in a bucolic Rhode Island neighborhood for half the typical price of homes in the area swears by it.
The past year has been filled with milestones for Greer Gagnier, property manager of his family’s real estate business, and Kyle Verma, who works in finance. After years of dating, the couple, both 30, became engaged.
And after two years of looking for a first home in the village of Pawtuxet, Rhode Island, a town near Providence where Gagnier moved after college, in an increasingly difficult real estate market, they found it. found: take a look.
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