Home Inspection Failing

See if you can negotiate with the seller. Cosmetic issues are one thing but you need to make sure the big ticket items like roof, electric, plumbing, HVAC, water heater, foundation, water in basement, windows etc are all sound.
What is the age of the roof? If it is nearing the end of its lifespan you will need to budget for replacement. Can you afford to do the rest of the repairs? Will you be able to find a trustworthy contractor? Are you willing and able to invest the time and effort? It depends how hot the housing market in your area is. After buying a house which has needed a lot of work over the years we have vowed to only move into a turn-key home the next time around.

 

Wait, are you saying that you found the problems before you bought the house? If yes, then the system worked! Consider yourself lucky! Or have you already bought the house and find yourself in a bit of a hole in terms of projected expense?

Don't get attcahed to random buildings. Thank your lucky stars that you had a diligent inpsector. Usually, the inspector and the RE agents are in cahoots. When houses change hands everybody makes money, except the buyer. Labor and repairs are very expensive. Tread carefully!

 

OP, sorry that you are going through this feeling of despair. At this point you are undergoing an overwhelming feeling since you have invested so much of time and
effort and you just want to make it work.
Since you are the buyer, you will have multitude of options later and you do not have to compromise even on small/minor repairs. Repair expense worth 30k in my opinion is too much.

One of our friends were in a simialr situation when they were looking for homes, but they backed off after seeing the potential issues and mounting costs
of repair. It was definitely not worth the hassle.

Talk to other experienced people in your area, particularly the broker/agent for strong advice.
Check the condition of the house on county website ( in TX it is called the Apprasial District).
Do through research before you commit, as you will be staying in it and you do not want to be 'stuck' with it.

 

Sanjuruby

Home buying can be a stressful process. I am sorry the house you liked ended up having all these issues, but as @sokanasanah says, be thankful that you discovered these issues before signing the contract.

Even if you think the estimates and repairs you have to undertake on the house seems affordable to you, there are other costs associated that have the potential to drive your budget up significantly. You'd have to find a place to live in until your house gets ready, so that's an added expense of paying rent in addition to the mortgage.... and all this while you're already beginning to feel the pinch of the wide gaping hole the down payment would have left in your bank account. So unless you have all that accounted for in your budget, I would suggest against going for a fixer upper that needs to lot of structural work done. Besides, you also mentioned permit issues. I am assuming you live in the Bay Area (???), and permit violations are pretty rampant, as I have noticed. You may not get audited, but if you do at any point, I have heard that the fines can be pretty hefty. Buying a house is a big decision, unless you feel completely satisfied that are getting your money's worth, I would advice you to think that this is not the home for you.

Good luck!

 

If you haven't brought the house , better walk away. When we bought a house, we proceed with offer with a condition that we will buy only if it pass home inspection.
Look like the house you have had lot of structural issues that is not worth the money and effort. If will be difficult to sell it also in future .
If the issue is cosmetic, it is ok. If not better look for other homes.
One of my friend recently walk away from buying house. The house looked perfect . But home inspector found severe foundation issues, but already fixed . They gave up the project because of resale issues they may face in future. Still searching for their dream home.
Anyway think about it.

If you already bought this house, then face the reality with confidence . Good luck

 

This is right - please don't underestimate the costs of fixing leaks and water damage or electrical rewiring! Sustained seepage can lead to mold infestation ... the list goes on. This sort of stuff rarely stays under budget. Be very careful.