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Updated over 13 years ago on . Most recent reply

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72
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Chelsy C
0
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72
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Another issue for my first flip

Chelsy C
Posted

Dear all, we just finished all the remodeling, and my listing agent just have a termite company did a termite inspection. that is the nightmare, the termite inspector told me that we need to break up the kitchen tiles to replace couple of rotted wood which we didn't discovered.

will this re-inspection report kill my deal? I am having very low margin on this property due to over remodeling.
and what is the best options for me now? the staging furnitures are at the property already, and I signed the contract agree not doing any work after the property is staged.

Most Popular Reply

Account Closed
  • Property Manager
  • New Durham, NH
8
Votes |
15
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Account Closed
  • Property Manager
  • New Durham, NH
Replied

You might want to do it from underneath anyway if you can squeeze some access. The structural repairs are inexpensive. The money comes in repairing the finishes such as flooring. You might be able to remove the damaged parts or just sister them. Remove all that you can.

At any rate, you will want to get estimates so that you can put a value on the extent of the damage. This will give you a real idea of what the cost is. Remember that this is the type of project where there can be widely varying pricing so in this case you want to get estimates with details.

Good luck,
Darrell

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