Hi all,
I've been on the house hunting scene for a little while now, and this situation is starting to arise more and more. I'm after what you would do or how you would approach the problem!
The picture is, you inspect a house which needs work but which is suited on a good enough location to warrant further deliberations. The property in general is quite good but the house needs work. New paint won't solve the problems, and you're not sure to what extent the problems are.
The fact that work needs to be done seems to have been priced in a little as you can see that doing the place up will add value, but you feel that they've overlooked what really needs to be done.
Various scenarios play out in my head but being inexperienced and a little gun shy I'm not sure what would be best. Make an offer, get a building inspection, and subsequently reducing the offer seems feasible.
I've been on the house hunting scene for a little while now, and this situation is starting to arise more and more. I'm after what you would do or how you would approach the problem!
The picture is, you inspect a house which needs work but which is suited on a good enough location to warrant further deliberations. The property in general is quite good but the house needs work. New paint won't solve the problems, and you're not sure to what extent the problems are.
The fact that work needs to be done seems to have been priced in a little as you can see that doing the place up will add value, but you feel that they've overlooked what really needs to be done.
Various scenarios play out in my head but being inexperienced and a little gun shy I'm not sure what would be best. Make an offer, get a building inspection, and subsequently reducing the offer seems feasible.