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Updated over 7 years ago,
Flipping with Structural Issues
We're currently evaluating a condo in a healthy area of Columbus. It's a 4 unit condo building but only the single unit is for sale. Noticeable foundation settlement has occurred with cracking/shifting. A structural engineer has inspected and has recommended steps prevent any further settlement.
My questions are:
1. What experiences with potential buyers have you had on the resale of such a property after all necessary repairs/improvements? We would include pre & post inspection reports from the structural engineer.
2. Are there any approaches we can take with the HOA as this technically affects the entire structure of the building? i.e. HOA to cover or split the repairs
Thanks in advance for your feedback!