Under contract on an Older Home (early 1900's).. issues
I'm under contract on an older-home. Like early 1900's in Florida. Home inspection completed yesterday. The 2 main issues are that there's a leak in one of the bathrooms that is causing water to flow under the sub-floor and into the crawlspace. Also, the home has some cast-iron piping that is mixed in with newer PVC piping. I think all the cast-iron piping would need to be replaced. Also, I ordered a sewer scope and they could not get the scope all the way through to the main sewer line because of some blockage so i have no idea if the main sewer line looks ok
. Also the inspection photos show some of the roof joists look like they're partially cracked. I'm a first time investor, and all these things are adding up to be a huge headache and source of anxiety for me. SHould I just pass on this old property and look into new construction? Real newbie here need advice!