selling 1950's house, what to do first

selling 1950's house, what to do first

Member since 2026 · 2 posts · 0 votes

A dated 1950's house.   Market is strong here, but there could be some 'issues' with the house.

Has a french drain with channels in basement.  Basement has quite a good amount of livable square footage.  The issue is on a very heavy rainstorm (rare, maybe once a year or every 2 years) water will pour over the channels and seep onto various floors, maybe quarter inch puddles or less in different rooms.

There is visible water damage on the baseboard framing and on some of the bottom of the door frames.  There are dehumidifiers in basement and percent humidity normally kept near 65%

Other potential issue is ants seen sometimes in the living room upstairs or porch, not sure if they are carpenter ants.

And then mice issues


So the main question is what to do first ?  Hire an inspector to determine the major problems , and to inspect for mold.

And only then start doing all the other fixups and improvements?

My thinking is if 100 to do list items are spend $$ on and upgraded, only to find out much later a buyer's inspector discovers mold, then all the 100fixups would have been a complete waste of time and $

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Real Estate Agent · Kansas City · Member since 2018 · 4k+ posts · 3k+ votes
1mo

I would look at comps and assess there. You have to decide if the juice is worth the squeeze with rehabbing vs selling as is. If you are going to rehab the key is to have it be livable and pass appraisal for home buyers. Basement might not be something you touch unless there is structural items needed. If there is things you can do to correct the water, do that. Also make sure to disclose that when you sell

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  • Jaron WallingPro Member
    Rental Property Investor · Indianapolis, IN · Member since 2018 · 4k+ posts · 4k+ votes
    1mo

    @Jared Carreno What stage are you at with this deal? Did you sign a purchase agreement or already close? The timeline is a bit confusing. 

    How valuable is this basement? If the livable sqft. is paramount to the deal (value add/ hitting an ARV) you need to fix the water issues. That issue cannot remain as a rental either if tenants live and use the basement everyday. We a have rentals with basements that get small amounts of water on heavy rains (very common in Indiana) but it's only used for storage, hobbies, and laundry space.

    Check your downspouts and grading. Adjusting the grading near the foundation can help with basement water issues. 

    65% humidity isn't low enough in my option. I'd aim for 50-55% while running a dehumidifier. Make sure it's actually working. Some units break and keep blowing air and making noise, but water won't be going out the drain line. If the unit came with the property make sure it's working. In one of our of rentals we had a dehumidifier that broke and it ran for months like that. I found it during my inspection. The tenants never reported it because some people are just clueless.  

  • Adam TafelBusiness Member
    Real Estate Agent · St. Paul, MN · Member since 2017 · 581 posts · 399 votes
    1mo

    I don’t completely understand what the goal is here - but I don’t think it would be ethical to finish this basement with your knowledge of water intrusion without a pro waterproofing job, meaning actually waterproofing the exterior of the foundation (digging down).

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  • Member since 2026 · 2 posts · 0 votes
    1mo

    Thanks for the extended reply.

    And sorry for the confusing post.  

    I should have started by saying this is my Father's house which he has lived in his entire life and he is trying to prep it for an eventual sale perhaps next year.  The problem is due to his age and lack of knowledge he seems to be going about many things the wrong way.

    Replacing the baseboard along perimeter of basement to remove any evidence of water damage and then painting the bottom of door frames seems like the wrong way to go about things.  Surely an eventual buyer's inspector would figure out there has been water seeping in occasionally ?  And lying about water getting in there on New York State disclosure forms would set him up for liability later.

    That's what I have been sort of driving at, wanting to do things the right way, versus his patchup, conceal approach to things.  

    I should tell him to hire a home inspector to asses where things stand and what should be fixed *first* before anything else in my view.

    • Investor · Get yourself trained before doing something inadvisable. · Member since 2024 · 3k+ posts · 1k+ votes
      1mo
      Quote from @Jared Carreno:

      Thanks for the extended reply.

      And sorry for the confusing post.  

      I should have started by saying this is my Father's house which he has lived in his entire life and he is trying to prep it for an eventual sale perhaps next year.  The problem is due to his age and lack of knowledge he seems to be going about many things the wrong way.

      Replacing the baseboard along perimeter of basement to remove any evidence of water damage and then painting the bottom of door frames seems like the wrong way to go about things.  Surely an eventual buyer's inspector would figure out there has been water seeping in occasionally ?  And lying about water getting in there on New York State disclosure forms would set him up for liability later.

      That's what I have been sort of driving at, wanting to do things the right way, versus his patchup, conceal approach to things.  

      I should tell him to hire a home inspector to asses where things stand and what should be fixed *first* before anything else in my view.

      A home inspector deals with house issues, a real estate agent deals with sales and perception issues. I'd get both opinions.
  • Real Estate Agent · Kansas City · Member since 2018 · 4k+ posts · 3k+ votes
    1mo

    I would look at comps and assess there. You have to decide if the juice is worth the squeeze with rehabbing vs selling as is. If you are going to rehab the key is to have it be livable and pass appraisal for home buyers. Basement might not be something you touch unless there is structural items needed. If there is things you can do to correct the water, do that. Also make sure to disclose that when you sell

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