After a breakup, he left Graduate Hospital for a giant backyard in Port Richmond | How I Bought This House

The buyers: David Snelbaker, 59, finishing technician

The house: a 1,440-square-foot townhouse in Port Richmond with three bedrooms and two baths built in 1925.

The price: listed for $275,000; purchased for $269,500

The agent: Allison Fegel, Elfant Wissahickon Realtors

The ask: Snelbaker didn’t want to give up his house in Graduate Hospital. He’d spent years rehabbing and repairing it. But in 2023, on the heels of a breakup, he determined he couldn’t afford to keep it on his own. He needed to downsize, but he wanted to stay in his neighborhood. Other than that, his list was short but firm: a backyard for gardening and a rowhouse that wasn’t too narrow.

His budget was $300,000 — a number driven less by lender approval than by self-preservation. “I didn’t want to be house poor,” he said. “I have friends who are. They don’t go on vacations. They’re just kind of financially stuck.”

The search: Snelbaker needed to sell his old house before he could make an offer on a new one, which made it difficult to compete in South Philly’s hot market. “A lot of the places I wanted to jump on would just go so fast,” he said.

He expanded his search and discovered better stock in Fishtown and Port Richmond. “For the same price for something in South Philly, it was a fixer-upper,” he said. “And here, it was in good shape.” Snelbaker had already lived through years of construction in his old house and wasn’t eager to do it again. “I just didn’t want to get into another fixer-upper situation,” he said.

He checked out a few places in Fishtown but settled on Port Richmond because it was closer to his work. The prices were better, too. “It was a win-win,” Snelbaker said. The only other place he considered was a recently renovated rowhouse close to the river. “It was laid out well,” he said. “That was my second choice.”

The appeal: Snelbaker knew he’d found the one when he stepped out back. “The backyard was unbelievably, unbelievably big,” he said. “It’s like 27 feet long and 18 feet wide.” Plenty of space for the major landscaping projects he wanted to do, like planting several trees and building raised beds. Even better, one side of the yard abutted a warehouse, not another rowhouse, which gave him “a level of privacy,” he says.

Inside, the house was open, newly renovated, and neutral. “It didn’t have a lot of personality,” Snelbaker said, “but it wasn’t a lot of work either.”

The deal: Snelbaker saw the house at the end of the summer, but because he needed the proceeds from his Graduate Hospital home for a down payment, he couldn’t make an offer right away. Thankfully, the Port Richmond house lingered on the market until he sold his place in October. “I was surprised it didn’t move,” Snelbaker said.

Once his old house sold, Snelbaker moved quickly. He offered $269,500 — $5,500 under the asking price — and the seller accepted without pushback. The inspection brought little drama. The sellers, who were contractors, handled minor repairs. “They did some patching on the roof and some stuff on the brick in the front,” Snelbaker said. “There was something with the dishwasher … they repaired that. That was pretty much it.”

The money: Snelbaker walked away with $240,000 from the sale of his previous home. He put a chunk of it into a certificate of deposit and used the remaining $180,000 for the down payment. “I put more than 20% down because I wanted to keep my monthly payment low,” he said.

Even so, timing worked against him. Interest rates climbed to 7% as he was shopping, and insurance costs jumped a few months after he moved in. His monthly payment was originally $1,300. Now it’s $1,900. He plans to refinance once interest rates drop a few percentage points, and he’s actively looking for a better rate on his home insurance.

The move: Snelbaker sold his old house in mid-October and officially closed on his new one on Halloween, but he wasn’t ready to move in right away. His agent did some “fancy footwork” and worked out a deal for Snelbaker to rent his old house from its new owners for a few weeks. “She negotiated a really good timeline that gave me space to pack and wrap up everything at the old house,” Snelbaker said.

Even better, he celebrated Halloween with his old neighbors. “We handed out candy, and they made me dinner. It was very sweet,” Snelbaker said. He moved into his new home the week before Thanksgiving.

Any reservations? Without an attached neighbor on one side, the house runs colder than Snelbaker expected. He contacted an energy auditor who advised him not to do anything until he insulated the roof. It’s pricey, but worth it, Snelbaker says. “It’ll definitely increase the comfort and lower my heating bills.”

Life after close: Since moving in, Snelbaker has focused on the backyard. He removed slabs of concrete to make room for trees and raised beds. “That was important for me,” he said. “I really wanted to get a garden going again like I had in my old spot.”