Context: My family and I are close to aquiring a new home.  It is a home in need of some repairs and we can't wait to get started on renovations.
Speaker 1: My family and I are close to aquiring a new home.
Speaker 2: That's awesome!  What kind of house is it?
Speaker 1: IIt is an older home in need of some repairs.  We can't wait to get started on renovations.
Speaker 2: That's gonna be a lot of fun, but a lot of work.  Good luck!