Became a first time home owner in 2011. It was at the near the bottom of the price range in my region, and for good reason. While my neighbors tell me the house was the jewel of the neighborhood in 2005, it had slowly fallen in to disrepair from the abuse of 5 children and many pets and a general disregard for regular maintenance.
I have been excited to use this as a learning experience in many new skills as I slowly restore the house to its former glory.