All Forum Posts by: Kevin S.

@Josh Goertzen

Last week I had an inspection done for a SFR. The report was good, listed problem areas and recommendation of fixes. What was missing was a estimate for what he recommended. When I had one done on my current home years ago the home inspector listed all problems and included was estimates of what would cost (approximate)to fix. That was helpful in decision making and saved time. Imagine getting individual estimate from plumber, HVAC, drywall, roofer etc.

Did I get a less competent inspector?  Is that the norm these days?  

How do I vet home inspector?  

@Rick Albert

Thanks for your input, Rick.  Agree with your comments.

@Chris Seveney

Thanks Chris.  Your input about buyer's sentiment definitely helped.

I know settling in Florida is expected.  Just wasn't sure if 7/10 inch is considered normal, if it's ok to leave it alone (not fix it) and...

* Am I required to disclose it if it is considered 'normal' and I don't fix it?

* Am I required to disclosed it once it's fixed?

BP members, I have a dilemma and hoping some of you have answers.

I entered into a contract for a SFH investment property, had inspection done and suspected foundation problem. There was crack in the floor tiles that ran through the kitchen floor and into the hallway. Not hairline crack but a continuous crack probably about 7-8 feet long and wide enough to put a credit card into the crack. There were crack on ceiling above the kitchen and of course few walls too (interior and exterior). Foundation/structural engineer determined a water downspout on one side of the house caused the soil erosion. The foundation settled 7/10 inch on that side of the house. He recommended 2 'pins' to fix the problem at a cost of $6670.00. The selling agent and home inspector tells me it's common and he sees it in 50% home he inspect(central Florida).

Questions I have are,

1.  Is it common and how bad is 7/10 inch settling?  Can it be left alone because it is 'normal/common'?

2.  I believe the seller now has to disclose it to other buyers if I do not buy it?

3.  Am I required to disclose this when I sell in the future after it has been addressed/fixed?

4.  If so, will it spook future buyers even if the foundation has been taken care of?  

5.  Should I just walk away?

Thanks in advance.

@Jon L.

You are welcome and good luck with your endeavor.

@Wesley W.

Why not the traditional hinge door?  The bifold tend to have problem with the track widening and roller coming off the tract in time.  Neither one allow full access to the entire closet i.e either half closet blocked with sliding type or part of closet blocked with bifold especially in a smaller closet.

@Jon L.

I am thinking whatever questions you have, couldn't that be answered by Ai?     

@Drew Mullin

What kind of capital are you talking about?  

You are looking for crew to do the renovation part?  

Do you have properties in the pipeline to fix and flip? Any particular type of property you are targeting? Condo? SFH, high end homes?

Do you have an agent to sell after fix/flip?  You don't have much info in your post. 

@Ryan Dori

Did you know that Cape Coral is somewhere on the top 5 list of places nationwide that lost value, about 4.4% from last year?  

Rotunda West is not that far from Cape Coral and I am not sure if that is part of the reason, that people are waiting on the side lines once they found out property value is on the decline.  I had plans to buy in SWFL but changed my mind after reading that.  I will now wait until the decline ceases.  Hope that helps.

 Did you try clicking on FAQ at the bottom of your profile page, then ---> 'privacy and security' --->How do I hide my last name ??  Hope that works.