Estimate on demolition & new egress stairway

[Kevin Lee]

Hi everyone,

So I'm in the middle of purchasing my first multi-family house and just had an inspection done this week. There was one big issue that came up during the inspection. The egress (emergency fire exit) for both units are not up to code because the stairway is too narrow. The P&S is supposed to be signed on Tuesday, but I want to renegotiate the terms depending on how much it will cost me to get this up to code. I would imagine that the cheapest solution would be to demo the whole egress exit and build a new staircase.

Does anyone have any suggestions on other ways this could be done? How much would the estimated cost be? Will this even pass an appraisal if they do knock a certain amount off the buying price?

https://drive.google.com/open?id=0B1EAUCYNiyE9dW1N...