REO home on Piers vs Concrete Foundation
Im looking to BRRRR an REO property in Montana. Im skeptical though of the foundation being on piers. Im worried about when I go to refinance. If you were to compare the home on piers to an identical home on a concrete foundation, would you expect the home on the concrete foundation to be valued much higher? There are a lot of older homes on piers obviously in the area, and there are also older homes on concrete foundations as well. I was comparing it to other properties, but noticed majority of them were on a concrete foundation. Thanks for any help, I'm a newb planning on submitting a cash offer this week and I don't want to overlook anything