Anyone have experience with Dryvit / synthetic stucco?

[Lee M.]

Hey Guys, 

 I was wondering if anyone has any experience purchasing a house with dryvit.  I know there were lawsuits and huge problems in the past with it.  I am currently looking at a house build in 1995 with dryvit.  It has been deeply discounted because it has been on the market for so long.  My real estate agent is like NEVER buy a house with dryvit.  But this house is up on stilts and the dryvit doesn't have contact with the ground, but she says that moisture wicking is still an issue around doors and windows.  Apparently the studs can be rotting/termites behind it and that happens frequently.  The house otherwise looks in good shape other than stained carpets.  Anyone have any insight? Is is best to steer clear of dryvit despite a good deal?  I think the house is probably about 25k less than what it would be without dryvit.  It has bad curb appeal anyway, as the house is a fair amount below street level because it's on a hill. Would be looking to rent it out and my thought would be to improve the interior and not mess with the exterior unless it became a problem in the future.  Anyone have thoughts on this?