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Mike Barnish
  • Elmer, NJ
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Tear down or salvage house

Mike Barnish
  • Elmer, NJ
Posted

Good afternoon all,

Does anyone know what kind of inspector do I use to inspect a house to see if I should be kept for rehab or tear down. House built in 72 had a hoarder in there,  surface mold on walls, 5ft hole in roof  can see daylight from 1 st floor floor spongy in that area of course. Any input? Want to get professional evaluation before I dump money in. Thank you for any responses. 

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Matt Devincenzo
  • Investor
  • Clairemont, CA
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Matt Devincenzo
  • Investor
  • Clairemont, CA
Replied

There's no one that does this specifically. Any house can be saved it is just a function of cost, so your best bet is a really good GC that you pay to evaluate a scope of work for rehab and a separate scope for a tear down and rebuild. Then you can decide based on your projected ARV which option is better. Ultimately though this is something you have to determine, and paying the GC is likely a few thousand dollars to obtain the information since they will need to spend quite a bit of time to determine a true rehab scope/estimate.

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