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Updated over 4 years ago,

User Stats

10
Posts
2
Votes
Jesse Easter
2
Votes |
10
Posts

Looking at a house with Structural damage

Jesse Easter
Posted

So I am looking at another house. This one is 3 bed 1 bath 1500 square feet for $95,000 estimated $15,000 in structural repairs (crack in basement wall) $25,000 to remodel upstairs. Looking at zillow all the houses go for $130,000 3 bed 1 bath 1100 sf to $180,000 4 bed 3 bath 2000 sf. I don't really know how accurate zillow is on that sort of thing but my realtor said the neighborhood averages about $130,000. I am looking for a house to live in and I am very handy will be slow rolling on the remodel and doing a lot my self to save money. Remodel will start at the extra front entry and I will set it up for air bnb to make my payment that is first thing. So I guess first question is.

1) Is this a good deal I think 95 is to much but. it has been on the market for weeks so I think I could potentially talk him down. Hoping for 85-90.

2) Does anyone have experience with structural repairs. How did it come out and did it last?

3) Did your structural repair come out above or below the estimate?

4) What would you pay for the house?

5) And any other general advice or warnings about taking on something like this?

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