Hi! My partner and I are looking to purchase a home. We found a home we really like, that was built in 1885. We expected to inherit some issues with purchasing a home this old, we also expected a long disclosure list. This house is being sold by an investment group. We received the disclosure. Every single line was marked as “no knows issues”. Our home inspection was done and there are a lot of issues. Some are minor and we don’t mind dealing with our selves. I’ve listed below a summarized description of the issues we either are concerned about or aren’t knowledgeable enough to know if we should be concerned. The cost of the house is $150k- 1,305 sqft in Louisville KY Shelby park area. We are willing to negotiate but I wanted to see opinions of people who have maybe found themselves in this situations (on the buyer or seller side), real-estate agents who have seen situations like this play out, or anyone who has insight really. It seems like these repairs will be very expensive and maybe up to a third selling price. Is it in the sellers interest to fix these issues or give us a credit to have major issues fixed? It looks like they bought the house for $65,000 about a year ago. Would you take the clean disclosure as a red flag given all the issues that were found and age of the house? We are concerned this whole situation is shady and we should just back out. Being first time homebuyers we aren’t sure if situations like this are common with older houses and it’s worth working through. We like this house a lot and if the repairs will be done/credited time is not an issue.
Shingles/flashing around the front porch were not yet completed, and will likely leak with wind driven rain.
Several open spots around the roofline that I can see into the attic/roof sheathing from poorly installed/ missing flashing. The downspouts are still draining into the old clay pipes in the yard.
All of the windows were incorrectly trimmed out along the sill. The wood pieces have been piled up to the point they are taller than the sloped sill of the window. This will create a dam and cause the water to leak down into the wall below it. Have a window contractor remove all the wood trim around the base of the windows and properly rebuild them.
The beam in the crawlspace has been damaged by termites and water. It is also sagging between each brick pier to the point it's no longer touch some of the floor joist. You'll need to have a foundation contractor evaluate the floors support structure and design the proper repair.
The homes brick foundation has mostly the original mortar. It's crumbing/failing and will need to be tuck pointed/ parged coated to keep the bricks in place.
The floor system under the bathroom was poorly repaired with random boards running vertically from from the ground and wedged under floor joist for support. All of this looks like it was a DIY install and not professional work. Be sure and have this repair all removed and repaired as needed.
The main waste line in the cellar appears to have failed on the other side of the foundation wall. After running water in the shower for a few minutes the water started to weep back through the wall at the ground level. Understand this was not dripping down from the pipes above, but bleeding through the brick and mortar of the wall.
Both showers leaked down into the cellar/crawlspace when tested, and it looks like there is a leak in supply line under the hallway bathroom (large puddle of standing water in the crawlspace). All of this new work looks sloppy, and at this point I'd have a licensed plumber evaluate the entire plumbing system and repair things as needed.
The homes main water supply line is still using the old galvanized pipe. The problem with this material is it clogs up over time on the inside.
There is an old poorly installed sump pump in the cellar that has trash piled up in the pit, and the pump is not plugged in.
The service panel is rusting on the connections and buss bars.
The ductwork in the attic has been damaged (torn) and needs to be repaired.
Side note: We know feedback will be largely anecdotal and should speak with professionals about our specific situations we are just looking for opinions. We have submitted a repairs request and are waiting on a reply. Thank you, I’m sorry this is so long!
TLDR; first time home buyers clean disclosure from seller but laundry list of major plumbing and structural issues upon inspection. How will this play out?
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source https://www.reddit.com/r/RealEstate/comments/gb9op8/ky_first_time_home_buyer_100_year_old_house/
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