Jim Blandings, a bright account executive in the advertising business, lives with his wife Muriel and two daughters, Betsy and Joan, in a cramped New York apartment. Muriel secretly plans to knock out a wall and remodel their apartment for $7,000 ($74,500 today). After rejecting this idea, Jim Blandings comes across an ad for new homes in Connecticut and they get excited about moving. Planning to purchase and "fix up" an old home, the couple contact a real estate agent, who uses them to unload "the old Hackett Place" in (fictional) Lansdale County, Connecticut. It is a leaning, dilapidated, nearly 200-year old farmhouse on some 35 acres where General Gates stopped to water his horses during the Revolutionary War. The Blandingses purchase the property for 5 times more than the going rate per acre for locals, provoking his friend/lawyer Bill Cole to chastise him for following his heart rather than his head.