Updated about 1 month ago on . Most recent reply
Big Rookie Mistake
I just bought my first home and I'm already severely regretting it. The garage has been converted into a MIL suite with a separate entrance, essentially making it a duplex setup. We moved into the MIL suite and then we started to find out all the issues. The plumbing that was done for the suite is completely wrong, used undersized pvc for the toilet, incorrect fittings, etc. In order to fix this, it would require tunneling across the entire house, which will be about 20k. The electrical is the next item. I am an electrician, so I started to work on that. I have found extension cords running through the wall, being used as wiring, "green" wires actually being used as hots instead of grounds, I even got shocked completely by accident when I wasn't working on anything. The shed has a breaker in it that turns on the lights. I went into the shed to turn the lights on and touched a screw on the panel cover and it shocked me, so it could have hurt anyone.
There are so many more issues with the plumbing that we have already found, the HVAC system needs a complete overhaul, electrical is genuinely scaring me with what I'm finding, and especially with what I can't see behind the walls. What options do I have? I closed December 19, paid 325k, and my first mortgage payment isn't until February. Do I try to sell it and take a big loss and move on? Contact an attorney for a potential case? Keep the home and make the repairs necessary over and over?