Under contract with a cracked foundation/joist and leaning piers

[Cody Z.]

Hi All,

I have my first investment property (live in 203k) officially under contract and out of attorney review and found the structural items below in inspection (See attached pictures directly from report):

Unit 1 (~750 sq. ft)

(1) Cracked Foundation Wall in two areas

(2) Piers that have placed in dirt allowing the home to shift and now have wooden shims/other objects to sure up the floor

(3) Split floor joist

Unit 2 (~600 sq. ft)

(1) Support posts were set directly in dirt

(2) Objects were set in between piers to sure up floor

This is a multifamily home (two single family homes on one lot) with the home inspector suggesting that the price to fix could be well over $30k. Can anyone provide some idea of what this would cost from their experience? I know that I need to get estimates but I want to give the seller an idea of what we could expect when heading back to the table before proceeding with a ~$750 estimate from a structural engineer.

Any help is appreciated!

https://drive.google.com/open?id=1dFCLeskJt0VhyUvU...

[Don Gouge]

How old is this house? These things aren't unusual in old houses. Are there problems like wavy floors and soft spots or doorways that are out of square? A few bags of concrete and mortar and blocks can easily replace these cobbled up supports. Home inspectors often overstate problems and call for licensed tradesmen and engineers to further evaluate to cover their ***.