Quote:
Originally Posted by Eagle Keeper
I'd have to have a lot more info. I have done restorations like this. What you see is only half of the story. A sagging structure is not good at all. Usually that means a load bearing wall has been removed or compromised. Or substandard floor joist were used in the second story. I would get the opinion of a contractor that has a reputation for projects like this one. If the land is that special........Buy it and level the house. It is not practical to live in a house like this and try to restore it. Just watch Money pit
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+1
I've been building for 24 years and I'll tell you the first mistake you're making is-
You told us nothing, I'm not being crass but none of us have any information to guilde you through something that could very well end your marriage, I'm not joking. This may be more than you can handle.
I'm not discouraging you but if tears are leading the way then I suggest you run.
We need to know the value and eguity of your existing home and the price of the acreage with house you want to buy. After costs of selling and purchase how much cash will you have to work with? What income in availabe to you? If there is structure problems will a lender loan on this? Are you barrowing on land or a home?, it's different, construction loan? higher rate and time restrictions and if you fail to perform you're screwed. Are you capable of making these repairs? Do you have any knowledge of structural design, loads, pressures? Since it's obviously framed conventionaly are you capable of deciding how to redesign or work with the existing structure to not only remmedy the problems but to strengthen the structure? If you get involved with engineers, draftsman, permit fees, zoning regs, inspections, restrictions, and yes even in the country you may be restricted on septic, has the land been perked? Have you cost this out yet? Electric upgrade may cost you 10K-15K, and don't let nobody fool ya and get some quote for $3500 from some yahoo that doesn't know what he's doing, this ain't a new house and he ain't gonna have it wired in three days. Where will you live in the mean time? Under the condition you describe DO NOT attempt to live there with your family.
That's just a start and since I have no intimate knowledge of anything I'll stop here.
Scott