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Updated about 5 years ago,
REO home on Piers vs Concrete Foundation
Im looking to BRRRR an REO property in Montana. Im skeptical though of the foundation being on piers. Im worried about when I go to refinance. If you were to compare the home on piers to an identical home on a concrete foundation, would you expect the home on the concrete foundation to be valued much higher? There are a lot of older homes on piers obviously in the area, and there are also older homes on concrete foundations as well. I was comparing it to other properties, but noticed majority of them were on a concrete foundation. Thanks for any help, I'm a newb planning on submitting a cash offer this week and I don't want to overlook anything