Advice needed concerning wood rot.
Not sure how much of a disaster this is, but here goes:
We are going to put in an offer on a fixer upper. It's 12 years old, stucco/syn stucco.. it looks like everything that needs fixing is mostly cosmetic. House is being sold as is (corporate seller)and we don't have a lot of extra money but this is a fantastic deal. The carpeting will be replaced and a few coats of paint should make the place look pretty decent for now until we can afford to do better. The one huge problem I see is in the kitchen by the patio door entrance. the wood is soft and rotting.. not sure why. We had plans to redo the floor and I'm wondering if this is a serious issue or if it can be repaired without costing thousands of dollars. Don't know if you can tell anything from the photo but I thought I'd give it a shot. It's only soft and rotted in the area that's showing through.
Thanks so much for any input!!!