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Old 08-27-2018, 02:37 PM   #1
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1840's house worth remodeling?


I inherited this house & land from my uncle & its been passed down through the years. My family came from the Czech Republic in 1800's and my great, great grandfather built this wood house in 1840. There has been work done to it over the years, my uncle added vinyl siding & new windows & began to tear out the walls, but he passed away before he could finish it. We thought about selling it a while back & had it appraised, but was told it was only worth 3-5 thousand (without the land) because whoever buys it would have to pay to move it so we decided to just keep the house. I gave it to my daughter. Her and her fiancÚ would like to remodel it and start a family, but they are worried if the house is worth fixing up because of it's age? We've had it inspected for mold, ect. & it was clean. No rotten boards so far, but the metal/tin roof it getting a little rusty/red looking, but as far as I can tell there aren't any leaks.


Also any advice or tips before they start remodeling would be greatly appreciated!


Here are a bunch of photos of the inside & outside of the house...
https://www.diychatroom.com/members/...se-built-1840/
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Old 08-27-2018, 02:48 PM   #2
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Re: 1840's house worth remodeling?


I would try to double check the age of the house. This wall appears to be built in the 19 ths
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Old 08-27-2018, 03:07 PM   #3
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Re: 1840's house worth remodeling?


Basically it would end up being stripped down to the bones and rebuilt and from those pictures it looks like a close call to starting over. I'll list a few.
1. new roof
2. I didn't see one electrical wire or receptacles so complete wiring job.
3. Rules have changed so doubt any existing septic would be approved.
4. Rough openings on windows are patchwork so suggest many other framing issues.

I could go on, but here may be the biggest problem. No bank will offer funds to finance a home owner DIY of this magnitude so the first $100,00 will need to come from someones pockets. Only after it becomes a real house would a bank agree to a mortgage.

To make it worse, it could be difficult obtaining insurance for a slow DIY rebuild.

Do they have lots of money?
Are there lots of friends and relatives who have the skills and time to make this work?

Start by pricing out a foundation up new home, much easier to build and much more valuable when done.

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Old 08-28-2018, 12:03 PM   #4
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Re: 1840's house worth remodeling?


Worth, is in the eyes of the beholder.

To me, my opinion.

I would gut it and remodel it.
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Old 08-28-2018, 12:32 PM   #5
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Re: 1840's house worth remodeling?


Ron, although I also like fixing up things this house doesn't have a lot going for it and that is from what we can see.

Took a closer look and don't see a foundation, looks like it is sitting on posts.

Lots of work will be needed on the framing and none of it will likely be 3.5 in material, that adds to time and material costs. Little looks to be 16" on center, more work.

Full electrical will be needed and probably full plumbing.

I don't even see any materials to be salvaged. Beyond hope, IMO.

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Old 08-28-2018, 08:27 PM   #6
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Re: 1840's house worth remodeling?


To have been built in 1840 I think it has a whole lot going for it.
It really looks to be in good shape.

Look how level and straight it looks.

Reminds me of the old military barracks.

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Old 08-28-2018, 08:38 PM   #7
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Re: 1840's house worth remodeling?


Quote:
Originally Posted by ron45 View Post
To have been built in 1840 I think it has a whole lot going for it.
It really looks to be in good shape.

Look how level and straight it looks.

Reminds me of the old military barracks.
I agree, figure out what walls are bearing and gut everything else. The siding alone installed is worth the estimated value. Get a nail gun and add a 2x3s to all the exterior studs and plates.
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Old 08-28-2018, 08:44 PM   #8
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Re: 1840's house worth remodeling?


Sugabit was on the forum at 11:00 AM today and did not comment, so I won't either.

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Old 08-28-2018, 09:04 PM   #9
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Re: 1840's house worth remodeling?


Yes this house would need to be taken down to bare bones but also we need to keep in mind this is a young couple needing a house to start a family. What would we need to spend to start from scratch and put a new bare bones house there all ready for plumbing, electric, interior work etc.? Granted it doesn't look like much in some folks eyes compared to new construction but it's been doing well for 178 years and possibly the young couple aren't interested in new construction.


I will say for certain, a new construction or this gutted re-do make over will test the best of marriages. If they pull through this, and I hope for the best, we will have a winner.
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Old 08-28-2018, 09:18 PM   #10
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Re: 1840's house worth remodeling?


A young couple can just finish a few rooms to call home and improve the rest over time and budget.
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Old 08-29-2018, 06:32 AM   #11
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Re: 1840's house worth remodeling?


Attempting to determine if some of the framing lumber was sawed with a Pit Saw, this attic picture was the best I could find. I suppose the slight arc could be determined by how the pit was set up and the saw operators.
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Old 08-29-2018, 01:22 PM   #12
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Re: 1840's house worth remodeling?


1840's? RUN FOREST, RUN!
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Old 08-29-2018, 02:58 PM   #13
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Re: 1840's house worth remodeling?


I would first consult with an Structural Engineer to make sure the house was structurally sound. Than consult with an Architect that has experience rehabbing old homes and get some king of cost estimate from other homes that were restored. With the above info I would than consult with a realtor that also has dealings with the sale of older homes.
Than compare the value of the restored home & the value of a new home.

Than what is the resale value of each ?
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Old 08-29-2018, 03:35 PM   #14
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Re: 1840's house worth remodeling?


I'm not from a part of the country where buildings are this old. But I think given the family story angle alone I'd go for it.

It doesn't look like a huge house and looks fairly straight, foundation-wise. Get the outside buttoned up, and work their way through the inside. Hiring out what you can't do, or don't want to do (plumbing, electrical, septic, etc)
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Old 08-29-2018, 04:08 PM   #15
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Re: 1840's house worth remodeling?


Quote:
Originally Posted by ClarenceBauer View Post
With the above info I would than consult with a realtor that also has dealings with the sale of older homes.
Than compare the value of the restored home & the value of a new home.

Than what is the resale value of each ?
This is good advise...

The answer to the question all lies within the math.

If the house is located in a trendy inner city neighborhood then a remodel (if you do it right) could be a home run.

If it's just another old house in small town america then likely not.
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