I am SO glad we have taken our contractor friend through each house we have been interested in. He helps point out some problems that we don't see immediately. This one ended up being the most run down house we have looked at so far.
It needed a new roof estimated at $15,000; new concrete foundation supports under the kitchen estimated at $10,000; many of the single pane windows will need replaced for around $7,000; the basement needs flooring because the carpet was all ripped out and will cost around $2,000; there were signs of some water damage near the window well in the basement which means the draining needs to be re-routed and will cost $3,000. The deck is sloping and pulling away from the wall and will cost about $1800 to replace. To get rid of the sloping floor in the kitchen we would have to relevel it and recover it after the new foundation was in place and it will cost about $3,000.
All in all it will cost about $42,000 just to make it safe and stable. YIKES!! That doesn't even include the cost of replacing the kitchen appliances from the fifties, remodeling the extremely outdated kitchen cabinets and countertops, and replacing the very old furnace....
If we could get a great deal on the house we might consider fixing it up but we hope to find something that is already structurally sound.
Patience....patience....patience....
It needed a new roof estimated at $15,000; new concrete foundation supports under the kitchen estimated at $10,000; many of the single pane windows will need replaced for around $7,000; the basement needs flooring because the carpet was all ripped out and will cost around $2,000; there were signs of some water damage near the window well in the basement which means the draining needs to be re-routed and will cost $3,000. The deck is sloping and pulling away from the wall and will cost about $1800 to replace. To get rid of the sloping floor in the kitchen we would have to relevel it and recover it after the new foundation was in place and it will cost about $3,000.
All in all it will cost about $42,000 just to make it safe and stable. YIKES!! That doesn't even include the cost of replacing the kitchen appliances from the fifties, remodeling the extremely outdated kitchen cabinets and countertops, and replacing the very old furnace....
If we could get a great deal on the house we might consider fixing it up but we hope to find something that is already structurally sound.
Patience....patience....patience....
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