Pier & Beam Foundation
We are in escrow on a 1910 house in Southern California. We just have the home inspection done and the report came back saying:
"Raised-pier construction. Sub-floor access is located on the
left. Home is not bolted to the foundation. Cracks and
deteriorating sill plates noted at stem walls. Some piers are not
set on concrete footings. Deteriorating wood framing and
sagging sub flooring observed. Water stains noted at the
kitchen and bathroom floor sheathing. Corrosion noted at the
plumbing supply lines, no leaks observed at the time of inspection"
Now the over $200k question is - is it worth moving forward on this house? We are still in the home inspection continguency period, so can get out relatively easily.
Any guesstimates on cost to fix/stabilize the foundation?
(this house also needs a new roof and siding, but that's a whole other story)
ANY & ALL help would be VERY much appreciated!!!