What to invest in and what not to..

[Symphonie Morales]

Hello all! New landlord here..

Our first rental property is from the 1920s and has field stone for foundation, it gives you the smell that just smacks you in the face and moisture like crazy.. We are thinking of mixing concrete as a winter project but I eventually would like to replace the foundation - thoughts? Worth it? Given location, we will probably keep it for a long time

[Todd Dexheimer]

If is it structurally sound, then it makes no sense to replace it. You can do a few things cheaper. 

1. Create a new wall on the inside or coat the wall

2. Dig out the perimeter and coat the field stone (be sure to use the right mortar and screen)

Then you would water proof the new coat that you put on and re-grade properly

3. Drain tile inside or outside (or both)