Stucco Problems In Houston

[Mitchell Petras]

I've been house hunting in Houston for a while now, and I finally found what I think might be my house-hacking dream home. The home was built in 2007, never flooded, currently priced well under market value, and after hearing a previous buyer fell through, my realtor and I asked around and turns out this home has some stucco issues. My question is this: How much of a deal-breaker should this be? 

Is there a cost/sqft range with which I could estimate repair costs and would repairs now be a permanent solution so long as I upkeep the stucco better than the previous owner?

The asking price is about 80k under what we've seen comps going for in the area, and so long as repair costs are reasonably under this it would seem like a no-brainer to make an offer, do the repairs, and refinance soon after to get back the repair costs and then some. If anyone has any experience with stucco repairs I'd like to hear how much of a headache it was.

Unfortunately we don't know the extent of the issue just yet, but I'd estimate there's approximately 1500-2000sqft of stucco exterior, so give me a worst case scenario.

Thanks so much!