Posted by Russ on January 29, 1999 at 20:37:27:
After many months of reading here, I finally have a question
that I need to ask.
I’m looking at a house to buy right now that needs foundation work. It is pier and post and has bad posts and some bad floor joists. It is a two story house and sits on about a 1200 square feet area (to give you an idea of the house size)
What general price range would I be looking at to redo the
foundation? I have been told by the realtor that he thinks
it would cost around 10K. I know that it is different in
every area, but 10K seems like an awful lot to replace
I’m looking at the house for myself. It is on the market for $85,000 and the owner will carry 90% at 8% for 10 years. The inside has been totally remodeled, FMV would be around $110K after getting a good foundation. Anyone have any clue of what this kind of work would really cost?
Thanks in advance! This site is GREAT! I spend too much time here! (as far as my wife is concerned)