[header] How to buy an abandoned house [title] Decide what your plan is for the house. [step] Your intentions for the property will influence how much you spend, as well as the kinds of repairs you'll make. For instance, if you plan on living in the home, you'll have to plan on making all the necessary repairs to make it livable. 
This will require a lot of money, so you'll have to keep the buying price low. If you intend to just sit on the house for a few years without making any repairs and try to sell it later, you can afford to pay a little more.