Posted by Tommy T on June 12, 2006 at 01:56:35:
Water damage is always fun. I’d get some contractor inpection/bids
and use them to negotiate the purchase price, and also of course to
get another opinion of just how much this might end up costing your
bottom line. Worst case scenario could be dry rot all the way down
through the floor joists. Some nice color photos of the damage along
with the bids usually help convince the seller that they need to
discount big-time and get out (although it sounds like you’ve got a
great price already on this one). Don’t forget a bid on correcting the
As for heat, you might want to get bids on some Cadet electric wall
heaters installed/wired in the extra space, they are suprisingly efficient
these days. Another option if you have gas to the property is a high-
efficiency wall-mounted room heater that vents right out through the
wall, but that will set you back more than the electric units. Or, is the
furnace rated high enough to heat the extra space? There may be a
way to add ducting to that room, may be an economical fix.
Another concern is that when you have your electrical work inspected
when completed, they may have an issue with the addition not having
been built with proper permits, and require that it be brought up to
code, although in some places the electrical inspectors pay no
attention to anything but electrical issues. That kind of thing can get
ugly. You’ll have to be creative to avoid running into that problem.
Sounds like it’s potentially a good keeper, good luck!