First-time homebuyers under contract for a 60-year-old house-- how serious/expensive are these problems: aluminum wiring, friable asbestos insulation, termites, undisclosed window leak causing water damage? Along with original plumbing and an old HVAC, is this a pretty standard situation that falls under the umbrella of "all houses are going to have some problems, no house is perfect" and is this the kind of stuff they mean when they say you'll be spending 1%-ish of your home value on this kind of stuff every year? Or are these costs and issues on the high side, and this is probably on top of another 1%-ish every year on other repairs and maintenance? Help us put this in perspective!
(We need to decide whether to give the sellers' relocation company the right to cancel our contract by requesting repairs. And we need to figure out what we should fix and how much it'll cost if we go ahead and buy the house without repairs.) [more inside]
posted by EmilyClimbs
on Mar 20, 2014 -
I'm starting research into a possible relocation to Shanghai and am looking for good resources into general accomodation and cost of living information. [more inside]
posted by michswiss
on Jan 17, 2007 -