Possible FOUNDATION Issue...NEED Advice!
Hello BP!
I want to purchase a foreclosed home but I am a bit afraid of foundation issues after hearing what listing agent told me . The home is on a hill, actually more of an elevation, not too steep at all located on a high traffic main street in town, and I was a bit afraid about the foundation seeing it was also built in the early 1900's. Any advice or thoughts at how much work I could be looking at with foundation only on a part of the backside of home. I'm not worried about baths, windows, roof, doors, etc. I am use to that stuff with my other rehabs.
From agent: "It needs kitchens and baths, roof, windows, doors, flooring.
Also, there appears to have been alot of structural work done on it as part of the foundation is newer. The rear of the foundation, (fieldstone foundation) has caved in on the inside of the house, has not reached the exterior. Many of the floors are heaved and slanted."
Its a great deal with high comps and next to two major Universities. Any advice would be helpful.
Thanks in advance!