Crawl Space Vapor Barrier Costs in Colorado

[Holly Scott]

Hi all!

I am in kind of a unique situation with my seller, as he is an attorney overseeing a bankruptcy case and multiple homes within the bankruptcy. Anyway, he gave my realtor and I an opportunity to go to the property (the home was locked however, and he had not yet changed the locks) to ensure it was vacant and we peeked in the crawl space and found there is water in there. The source is from a leak in the kitchen. After that, we told the attorney there was an issue with plumbing and water in the crawl space and he then basically said he wouldn't let us in until we had made him an offer and were under contract, so I have no way of determining the extend of the damage, or getting inspections/bids until after we are in contract. 

As you can imagine this is making it very difficult for me to come up with good, accurate rehab costs and what I want to offer him. We will definitely ensure he does flood and mold remediation as part of the contract, and he believes this is something that insurance will cover, which they have to have for each property through the bankruptcy process.

However, I am hoping someone may have a ball park idea of what it would cost to do a vapor barrier in there once the remediation is complete? I need to try and budget for this.

Thank you!

btw, any other flippers in Colorado , I would love to network with you!

[Holly Scott]

All of this is great information! I tend to agree with you Jim, I think there is a ground water issue or other leak. However, they have had some issues with that kitchen sink and clogging, so it could be something that was from kitchen pipes prior also. It's a tough one to gauge without being able to get it inspected.