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this post was submitted on 09 Nov 2023
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I'd just recommend not settling for something in poor condition just because you feel beat down or overwhelmed by the grind.
You will be filled with constant regret if you wind up buying some dilapidated property simply because you're tired of the back and forth because once you sign the papers, you're stuck with it. The process isn't enjoyable, but try not to let that get to you.
Not sure what the exact condition of house is nor what contractors charge for work in your area, but in my area of the US, $15k isn't going to get you very far on most projects. One of my coworkers just spent $27k to have an HVAC system installed and $40k for new windows. I think he got fleeced, but even halving those prices, you're still being given a rough quote equivalent to these somewhat basic tasks for what sounds like serious structural work.
Ok, I have to ask- what the hell kind of place do they live where HVAC costs $27k and windows cost $40k? Were these new installations where there had never been ductwork or windows before? Because those are way, WAY out of line for replacements in a typical single family home. By about an order of magnitude.
But to your larger point, yes, structural work can very easily (and quickly) hit 6 digits. I wouldn't accept it unless the terms are that the original owner makes the repairs first.
As someone who just replaced all his downstairs windows for under $4k I also would like to know where this is so I can avoid it at all costs. Literally an order of magnitude difference is wild
Yes the HVAC was a full install as he had an oil burning furnace with radiant floor heating prior to this. They installed an AC/furnace and ducting. The windows were through one of those sleazy companies like Renewal by Anderson and like I said I think he got fleeced on both jobs.
Good advice re constant regret of being stuck with a lemon. I checked the prices for subsidence repair and the average in my area is £12500.