Re: Rehab question…Sloping floors - Posted by Troy M
Posted by Troy M on April 28, 2000 at 11:20:56:
Obviously you’ll need to do some thorough inspections to find the cause of the sloping floors. First of all, is the house on a slab, or on blocks (aka ‘pier and beam’)? The answer to that question makes a BIG difference. My guess would be the houses you refer to are on blocks. If so:
You need to check all of the sills (4"x6" beams under the house as well as the floor joists. If they are in good shape (no rotted wood, termite,powder post beetles, or other wood destroying insects) then you may get away with just levelling the house. If you need to replace wood, around my area it’s about $10 bucks a linear foot. Termite evidence may need treated IF there are live ones ($500-$700) w/ clear report. And… as I just found out this week, powder post beetles must be fumugated, the house has to be tented and a guard remains on the premises for the 3 or 4 days of fumugation. Don’t you love rehabs!
But, you are right, the answer lies in the cause of the sloping floor. Personally, I would not leave the floor sloping if I was doing a full rehab, depends on your exit plan, but I intend to sell rehabs at full market value with third party financing.
Also, if those houses are on slab, well, I just saw one that needs 10k+ in foundation repair, and when you’re done, you still have a house with a cracked slab. Some folks don’t mind that since it now has a warranty etc. but some do.