Underground House - What would you do?
I have a friend who is inheriting a property that is built into the side of a hill and is essentially underground. The entire structure is covered by earth except for one wall of windows and a skylight in the living room. The house is a 3/1 and is in need of repairs and updating from neglect. The land is a very nice large plot that is secluded and abuts a conservation area.
I'm trying to help her navigate the situation to handle it in the best way possible.
So, with that, I have a few questions:
1. If you are a flipper, would you flip an underground house? Why or why not?
2. What type of financing could someone get on a property like this? Is conventional out of the question? Will the rates be inflated due to the unique nature of the property?
3. If you are a builder, what additional considerations should we consider if we demolished the house in order to build a more traditional property in place of the current home?
Any insight is greatly appreciated!