Lets say you were looking for a home that had good value. It seems that almost everyone these days is looking for something that's 100% ready to go, pretty, up to date, and spotless. We don't mind having to do a little work, and kind of like making something our own vs buying something that someone else suited to their tastes.
We are looking at a home that was built in 1968 (so not really that old for some of you). I think it's been lived in by the same family since new. It appears as if nothing, or very, very little was changed in that time. The only deed change on file is when the husband died 22 years ago and left the home to his wife who died a year ago. It seems the kids are selling it now. I think it's been empty for at least the last year. Foundation repair was performed as disclosed, and evident by some cracking in the corners of some walls.
They are currently asking too much, probably not a bad price if the place was perfect and updated, but insane for a place that appears sound, but very dated.
My question is this, if the power and water are currently turned off, it's not possible for an inspection to confirm whether the plumbing is good, electric is good, HVAC is good, etc....
What would YOU do in that situation? Assume it's all bad and make adjustments for that? Assume some may work and some may not and make a partial adjustment for it?
It's interesting, there's a tiny bit of furniture still in the house, the garage is full of junk including a workbench, there's even a closet that's full of what I assume are family photo albums.
On top of needing updates, we would probably do some major work on bathrooms and moving walls. It's odd, a 3 BR home with a single tub/shower near the 3 BR, but then there's 2 separate rooms with sinks, and then the master bedroom has a small room with a vanity with a sink. On the opposite side of the home near the kitchen and laundry room is another small bathroom with a shower (thinking that might have been a modification).
