Home Inspection Not Looking Too Pretty
So I currently have my first property under contract. It's a 1959 built, rehabbed home. The very first day we went binding I got an inspector out there and this is what he found:
- A questionable foundation (recommended a structural engineer check out because soil has been dug out around support pillars)
- Plumbing issues (multiple leaks and some cast iron pipes)
- Recommend a termite letter due to visible signs of wood damage in a small area
- HVAC nearing end of life
- Some mold present in crawl space
- Electrical: none of the outlets are grounded
This is not an all inclusive list, just the more big ticketed items. By no means do I intend to rely exclusively on the biggerpockets community to move forward or not move forward with this property (that would be foolish). What I'd like to know from experienced professionals or homeowners is how severe can these types of issues be and would issues like these completely steer you away from a property that has these types of issues.
Thanks!