Crawl Space vs. Slab foundation
My wife and I are looking at buying a renovated bungalow in Charlotte, NC. There are two we've found which we like, both in the same neighborhood. One is slab foundation built in 1950, which we will call the "Blue house" and the other is a crawl space, or the "Green House" built in 1930. The home with the slab actually looks like it was a better renovation, but the tax value on it is almost half of the older Green house. We are excited about the fact that the taxes would be lower on the Blue house, but are concerned that the slab foundation might be the reason for the different valuation (it's factoring in future repair costs).
So here's our question: are we crazy to buy a 1950s slab foundation home? The lot has good "positive" drainage. Anyone here have a slab foundation? If so, what are the positives (or negatives) you found?