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I checked my notes. Sorry, I haven't seen that one. I agree that the risk can be mitigated by budgeting for treatment. I'd say conservatively allow some $1200 every 5 years plus $250 annually for inspections. I think bigger issue is not that they're used as wet areas. It's not as high...

I think it was mostly that floor was really cut up in that one, suggesting repeated attempts to repair/treat the subfloor and floor structure. Add to that I saw signs of termite infestation the back yard timber fence rails... not a good sign.

JWR, I'll try review my notes late tonight. I don't think I saw that one, but I'll double check. The thing about all these buildings is that they are of relatively lower quality in terms of construction. Add to that their construction pre-dates the footing code released in the 70s, and you...

I was the asian guy with brown japanese T-shirt and glasses. If you see me again next weekend, feel free to say hi. ;) Cheers for the thoughts. The places I've been looking at were generally with polished floorboards, but one I saw was pretty badly damaged. I was considering throwing a...

Guys, since this is a Elizabeth themed thread, I thought I might as well ask the questions here since someone may have already investigated. What are you allowing for in terms of repainting and carpeting? Given the less than stellar demographic, I am allowing for painting+carpeting every 5...

Stangman, what happens to your brother or a tenant in the case of a fire and they need to get out in a hurry? No doubt they offer increased protection from home invasion/burglary, but I've never quite been comfortable about the fact they keep people in as much as they keep people out. :eek:

I've went up and looked at some properties on the weekend. I was focusing mostly on semi detached in the sub $150 k range renting for about $200k. Unfortunately so far the signs have not been promising. Of the three I saw, they had issues such as salt damp, leaking roof with signs of...

That doesn't really make sense. The problems encountered with footings supporting walls is usually inadequate stiffness. Having a footing with no stiffness should make the problems even worse.