I think I might be walking away. We have had such a battle over this cool house and now that I won it I'm thinking I will have to walk away from it. I loved the vintage nature of the house, unfortunately when people let their houses be in vintage condition I guess that means they are total losers about normal maintenance too. First it was just poly coat on the roof. But upon further inspection, the place needs a whole new roof, a new roof on a 3000 sqft house with a covered breezeway and a jutting covered balcony. Then there is the water seeping in on the mountain side of the house, another really costly repair. Then the foundation needs stabilization, that is an expensive repair, then we need to repair the interior water damage from the leaking roof and the leaking hillside. They found a slab leak, the hill needs to be re-graded and half of the beautiful plants on it will be killed in the process. We will have repaired ourselves out of the neighborhood price range just making the house stable and hold water. That is before we have updated a single bathroom, replaced a single square foot of worn out pink shag carpeting, replaced a single tile counter top or put a single dollar into the pool or the garden. I'm really bumbed It is a very cool house. I really thought this was going to be it, but they found termites yesterday and that was just the straw which broke the camels back.
Back to square 1. I hate looking at houses. But I don't want to spend too much on a house or be burried in repairs eternally.
Back to square 1. I hate looking at houses. But I don't want to spend too much on a house or be burried in repairs eternally.
VIEW 6 of 6 COMMENTS
stampedeofworms:
Anything foundation or slab scares the crud outta me.
stiles:
Sounds like a wise move. It's one thing if you got the place for free or close to it, but if you're paying anywhere near market value there is no case to be made for a place with multiple expensive and complex structural issues, especially in this market.