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Re: Old HouseIn Reply to: Re: Old House posted by SeanW on June 14, 2003 at 2:56 PM
Thanks for your reply. I must add to my post here so you can give me a better informed opinion. The house in question will need a new roof within 5 yrs is my guess. And currently it already has as many layers of shingles allowed by the state already on it. I figured 8k for new roof as that is what I paid for my 4 square's roof in DSM four years ago. This house in outside of KC in the country. It also needs a new water heater and new carpet and/or floors in downstairs bath as there was a baaad leak in there back in March, which caused the floors to buckle in bathroom and adjacent bedroom. As for major problems, that is about it, as FAR AS I KNOW. For example, I haven't a clue to how bad the damage is on the floors in the above mentioned rooms. House would do better with a second A/C unit too..but that's not 'essential'. Now with this information in addition to the original info, does that change your thoughts Sean? Thank you so much for your input too Sean! Donna and Jenifer -------------------------------------------------- I think out of all the things you've mentioned, the water damage to the floors, and the termites are the most worrisome. This sounds like a big project-- more than I'd want to try on a first go. But it could still make sense with the right estimates. I've read that a house can be completely gutted (remove the interior down to the studs) and rebuilt for around $40,000 with new plumbing and electrical. Sometimes it's easier to just go all-out than to pick around and save things. I think I'd phrase it like this: Every potential rehab probably has something you just have to "guess" on. But you're guessing on several important issues here (floors, roof, load bearing wall). I think it sounds risky. Better to learn one mistake at a time, than all at once. I think you could find easier houses to "learn" on if you keep looking.
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