Most of the time you'll have to encase the full perimeter of the home in a code-compliant block foundation to have the lender recognize it as "attached."

Because of the age of the house, the items to look out for are Electrical, plumbing, HVAC, foundation and roof, which should be assessed in the inspection report.Lot size: 0.1 acresGood luck with the project, and let us know how it goes.

you should pull a permit for any kind of structural work, including but not limited to foundations, foundation piers, roof framing, floor joist repair/replacement.with you removing a load bearing wall that would be a definite yes. like Katie Neason said its the right thing to do. and the cost is minimal  compared to if you get caught and are fined.

Can you recommend foundation considerations?

Also, the houses look older, so I am concerned about plumbing, foundations, electrical and roofing.

If it is largely cosmetic, then it will probably be less, if it was a house fire or has foundation issues, it could go higher.The transaction costs eat up a lot as well.  6% commissions plus the states piece of the pie 13-15k on 200k.

The home is about 70 years old so I was expecting a rough report, but the major concerns noted by the inspector relate to the foundation and crawl space.

At this point you’ll have a really solid foundation and will be building equity in your first property instead of paying rent like most people in their 20’s do.

Regardless, a lot of basement/foundation contractors can install a battery-operated sump pump for exact scenario of 'if the power goes out'.

My 20+ years in film construction has proved the best table saw doesn't make me a better builder if I don't understand the foundation of a movie set.