Hey Guys,
Just got back a building and pest report, which says there is dampness in the bathroom walls with suspected leaking pipes which will require further investigation from a licensed plumber, Just wondering what my options are here, if i call a plumber to come and inspect it will be past my cooling off period, and if it requires a major reno i cant afford to have the property vacant (also im interstate so makes it harder) Is this grounds enough to lower my offer sufficiently enough to cover a bathroom reno, or can i pull out of the contract as id rather not deal with a reno so soon.
There was also a lot of cosmetic damage (to be expected) but seems the Fascias and gutters and external windows are in desperate need of a sand and paint.
Also suggested further investigation for termites required.
Overall the report was marked as typical for a house of this age.
What would you Savvy investors do?
Thanks guys
Just got back a building and pest report, which says there is dampness in the bathroom walls with suspected leaking pipes which will require further investigation from a licensed plumber, Just wondering what my options are here, if i call a plumber to come and inspect it will be past my cooling off period, and if it requires a major reno i cant afford to have the property vacant (also im interstate so makes it harder) Is this grounds enough to lower my offer sufficiently enough to cover a bathroom reno, or can i pull out of the contract as id rather not deal with a reno so soon.
There was also a lot of cosmetic damage (to be expected) but seems the Fascias and gutters and external windows are in desperate need of a sand and paint.
Also suggested further investigation for termites required.
Overall the report was marked as typical for a house of this age.
What would you Savvy investors do?
Thanks guys