Is This A Problem?
Has anyone successfully bought and rehabbed a property that had a crack in the foundation of a slab?
Just wondering because i came across a property that has a cracked slab and the water main is busted. The owners have a large trench going through the front yard. They found out that the line goes about 8 feet deep into the ground. They never came to the conclusion if it was underneath the foundation or not. Maybe the busted waterline is what caused the foundation to crack.
Get a competent contractor to look at it. I have done numerous rehabs with foundation problems.
Each problem is different and you need to know what caused the problem and what it will take to successfully remediate it.
If your not knowledgeable in that area then hire or get someone on board who is...
[addsig]
thanks!
"The thing you should keep in mind is even if you do repair the problem, you have to disclose it when you sell. "
p-p-p-p-panic,
There is no requirement in North Carolina for a seller to disclose anything.
However, an NC licensed agent must disclose any known, or "reasonably expected to be known," material defect with the property.
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Mike J
Elevate Your Game![ Edited by mikejaquish on Date 05/05/2006 ]
If there is any truth to the old adage "You get what you pay for" you should be getting quite a bit from him.
If he has to rewire to the heater units that is another story, especially if the wiring is concealed.
Chris
Depending on the difficulty of the job, a 200A service upgrade in NJ would cost somewhere between $1200 and 2400. The $1200 job being very basic service drop, new meter socket and panel with only a few breakers. The $2400 job veing very complicated, like new wires to the street on an underground service and a panel with a lot of breakers.
Your number sounds reasonable. But I have to agree that there should be a better option than electric baseboard heat.