Went to look at my first home today

[Jaybmw]

And it went bad.. I'm not sure I'm allowed to post the advert link ? It's a house here in Ireland.. anyway I want to ask a few questions. But I'll let some pictures help first. Inside


And then outside


Before engineers are called to look at this have I made the rite move and walked away. Not only these but alot of the house both vertical and horizontal has cracks. It also needs a new treatment plant.. house overall is amazing but looks to need serious work. If the foundation has moved to such an extent is this one a gonner

[Yipper]

Work out the total cost of the repairs, and knock it off the asking price, minus 20% for wiggle room.

For example, if they want €100k, and it costs €30k to repair, then bid €56k.

[B17NNS]

First pic wouldn't necessarily concern me. Second certainly would.

However if you like the house get a quote for the remedials and knock it off your bid (plus something for the hassle/contingency).

[Neil O]

Difficult to tell from the photos the age of the house but could it be afflicted with excess pyrite?

[elanfan]

Even if you put the problems right and get a bargain the property will always be blighted and difficult to sell. Walk on by.

[h0b0]

The good news is that if you planned on knocking it down, it’s halfway there.

I’m guessing you selected this one because it appears that you get a lot for your money. That’s because the seller has already put their estimate for repairs in the price and is unlikely to come down to a reasonable compromise.

[Jaybmw]

Am I allowed to link up the add no ? The house needs alot of work. I've sent details to a builder friend and he's not happy at all saying if I got it for free I'd have paid to much.. I'm not trying to convince myself more so assurance that I done the rite thing it's alot of house for small outlay.. it'll be easier to link the add.. sorry mods if that's not allowed and I'll delete it straight away if it's a problem https://touch.daft.ie/wexford/houses-for-sale/camp...

All the excitement of house shopping but just like cars it can be walked away..

My observations are it needs a new treatment centre at circa 10k, full landscaping, foundation issue, roof in bad repair, full house cracks(movement) which look deeper than just plaster, interior badly finished, stove smashed, flashing damaged with 1 room water damaged.. Christ the more I think the less important this thread is

Sorry just to add it's a bank sale as far as the EA was willing to give away

Edited by Jaybmw on Thursday 8th February 23:58

[elanfan]

What's it worth as a cleared building plot

[Jaybmw]

At less than an acre in that area less than 40k

[elanfan]

Walk on, walk on with hope in your heart...

[Ricky146a]

Do you really want your first house to be a potential money pit.

Yes, it seems a lot of house for the money but that is for a reason.
Those cracks 'look' serious and they will only be the visible symptom of the real problem.

I would listen to your builder and walk away unless you get a full survey done and are prepared for an expensive restoration.

[zygalski]

I'm no expert, but cracks on the inside & outside mean you should walk away.

[TooMany2cvs]

Jaybmw said:

I've sent details to a builder friend and he's not happy at all saying if I got it for free I'd have paid to much.

And still you need more reassurance?

[megaphone]

When was it built? How long has it been standing?

[rsbmw]

If it looks like that for £125k, it's £125k for a reason.

[rich350z]

Do the cracks line up inside and outside or are they in different places?

[StoatInACoat]

It looks too nice but is it concrete? Lots of concrete booby traps popping up in my area at the moment and the amount of estate agents who claim never to have heard of "non standard construction" amazes me so you need to have your wits about you. If it feels/looks wrong then it probably is.

[silobass]

Lovely looking size house, a real shame it's not in good nick.

[thebraketester]

It’s a shame because that could be a lovely house. But you’d need balls of steel and £££££

[Audicab]

My first house was in much worse condition than that. It had movement due to water leaks, needed new floors, rewiring, central heating etc. etc. The only thing that didn't need doing was the roof.

Lived in it while the work was being done, I was young so didn't really mind, sold it in one day of putting it up for sale and made 130% profit in 2 years. The market was on my side though.

There will always be people saying cracks mean walk away etc, however somebody may make a killing on it, or you get your perfect house with a few years of pain.

I paid for an engineer to look at the house so I knew exactly what I was taking on and the cost.

The house needs to be significantly cheaper than the house in good condition - cost of repairs.

If you do buy it, go into it with your eyes wide open.