Should I buy a house with dry rot?
Other People Are Reading
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Cost of the Repairs
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Buying a house with dry rot can be expensive. You cannot treat dry rot affecting load-bearing structures of the house; you must completely replace them and bear the cost of resolving the problems that caused the dry rot. The total cost of the house and the repairs may make this a bad financial investment.
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Cost of the House
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Knowing the house has dry rot before you purchase it can work in your favor. If the house would be good value with the dry rot issue resolved, you can negotiate with the seller to either have the repairs made before you take possession or negotiate a lower price for the house reflecting the cost of the repairs.
Bottom Line
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Deciding to buy a house with dry rot involves more than the dry rot itself. The house's value beyond its structural worth in terms of location and potential are also important. The determining factor is whether you can, or are willing to, deal with the problem and the related expenses and legal negotiations.
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- Photo Credit house 3 image by michael langley from Fotolia.com
