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Old 04-22-2013, 05:05 PM   #1
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Is this house worth buying?


I'm thinking about buying this house. There are some issues that I was able to photograph.

One of the pictures in the back entrance of the garage. I feel like their should be something covering those cinder blocks to the foundation wall. I know that when it rains it will probably go through there and under to where the foundation lays.

Is the meter something that I should replace? I'm going to replace the siding and might upgrade the service to a 200amp insted of a 100amp depending on if it needs attention.

I notice that the house doesn't have soffit vents and just has gable vents is what I think its called. Its pictured in one of the pictures, the house has two of those vents, one on each end of the house. Would I need anything else to make sure the attic is properly vented?

There is a big crack across the entire garage floor. I think it may be the cinder blocks exposed by the back door and the lack of gutters on the house. I imagine if I get gutters installed and that cinder block issue taken care of the garage foundation shouldn't have a problem.

If the garage floor foundation were too damaged from water drainage issues would it be very expensive to have it torn up and replaced? The garage is attached to the house which I think makes a big difference...

Let me know what you guys think! The house was built in 1960 and I would be offering around $60k.
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Old 04-22-2013, 05:33 PM   #2
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Is this house worth buying?


To few pictures to give you a reason to not buy.

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Old 04-22-2013, 05:33 PM   #3
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Is this house worth buying?


The "service entry" is probably not 100 amp -
looks more like 60 amp.
Got fuses?

Replace the meter and your fuse-box (breaker-box).
What does the roof look like?

Look at some other houses!

Where are you located?

rossfingal
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Old 04-22-2013, 05:47 PM   #4
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Is this house worth buying?


Quote:
Originally Posted by rossfingal View Post
The "service entry" is probably not 100 amp -
looks more like 60 amp.
Got fuses?

Replace the meter and your fuse-box (breaker-box).
What does the roof look like?

Look at some other houses!

Where are you located?

rossfingal
The house is located in Maine. The roof was just replaced by the bank a couple months ago.

I couldn't find it but am I the homeowner allowed to upgrade the service and the main panel to 200amp? I have some electrical experience in residential wiring. Also would I need a permit to replace all the siding also? Couldn't find online anywhere.
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Old 04-22-2013, 05:49 PM   #5
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Is this house worth buying?


call your building department and ask ....
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Old 04-22-2013, 05:58 PM   #6
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Here -
You can (as a homeowner) replace the service entry and the breaker-box.
Got to have a permit, though.
Might need a permit for the siding.
As stated above -
call the Building Dept.!

What I'm seeing from your pictures -
metal drip-edge - running up the gable - above your service-entry -
none on the back side of the roof!?!
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Old 04-22-2013, 06:01 PM   #7
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Quote:
Originally Posted by rossfingal View Post
Here -
You can (as a homeowner) replace the service entry and the breaker-box.
Got to have a permit, though.
Might need a permit for the siding.
As stated above -
call the Building Dept.!

What I'm seeing from your pictures -
metal drip-edge - running up the gable - above your service-entry -
none on the back side of the roof!?!
Here, as in Maine? And I just now noticed that...

Is this house to far behind the times? I would like a fixer upper house but don't want any too far out of my league.
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Old 04-23-2013, 06:51 AM   #8
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Is this house worth buying?


Any issues on the inside of the house - plumbing, insulation, furnace, structural, asbestos, lead paint, mold, water damage? Some of those things would be deal breakers for me. I lived in Maine for a while about 40 years ago, and there were some then counties with few, if any, building codes.

Last edited by md2lgyk; 04-23-2013 at 06:56 AM.
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Old 04-23-2013, 07:02 AM   #9
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here are the code requirements in Maine, depending on your town they may or may not be required to enforce it ..... cal the building department

http://www.maine.gov/dps/bbcs/ they have adopted some of the International Code Council publications, which can be found here ..... http://publicecodes.cyberregs.com/icod/index.htm
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Old 04-23-2013, 07:04 AM   #10
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Quote:
Originally Posted by johnsorious View Post
Let me know what you guys think! The house was built in 1960 and I would be offering around $60k.
have you brought in a property appraiser to determine the value based upon it's location and condition?
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Old 04-23-2013, 11:20 AM   #11
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Ideally, the block at the service door should have been dropped (the top course not laid through that area) to allow the garage floor to run under the door. It's not really that big of a deal that water is getting in the block though, as it leaks into the foundation in these scenarios on a regular basis. As for replacing the floor, it's typically not as big a deal as most HO's expect it to be. Generally, a 2 car garage floor is a one day job for us to tear-out & re-pour.......
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Old 04-23-2013, 11:30 AM   #12
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Is this house worth buying?


Quote:
Originally Posted by jomama45
Ideally, the block at the service door should have been dropped (the top course not laid through that area) to allow the garage floor to run under the door. It's not really that big of a deal that water is getting in the block though, as it leaks into the foundation in these scenarios on a regular basis. As for replacing the floor, it's typically not as big a deal as most HO's expect it to be. Generally, a 2 car garage floor is a one day job for us to tear-out & re-pour.......
The garage is attached to the house so that wouldn't be more costly to replace?
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Old 04-23-2013, 11:33 AM   #13
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Actually cheaper (depending on what we're comparing it to) because the floor is completely independent of the foundation (or at least "should" be) and offers no structural support, so you can tear it out w/o any shoring of the garage..........
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Old 04-23-2013, 12:09 PM   #14
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Is this house worth buying?


where i live no permit on siding. But yes on electrical. You can pull the permit yourself. My town one page.
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Old 04-23-2013, 03:04 PM   #15
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Is this house worth buying?


What are comparable properties in similar condition selling for? Is this a bank repo that has been sitting empty for a period of time (you mentioned the bank put a roof on)? You should do yourself a favor and get a thorough inspection before offering. Are you planning to buy the house as is or will some items be warranted? Do you have the money to put into the house to fix whatever needs fixing if you can get it for your offered amount?

Definitely check on what you are allowed to do yourself and the permit requirements. Is the house or neighborhood landmarked or anything?

It is very hard to comment on whether your offer is realistic from so far away. $65,000 might get you a garden shack or a nice tent around here.

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