Score Revision: 1565 Columbine Ave [Caveat Emptor]
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by Osman Parvez
If you see signs of deferred maintenance, expect more substantial issues lurking.
If you see signs of structural failure, it’s probably best to walk away.
I can’t retroactively score Fresh Listings that have been delivered to your inbox, but I can re-score them on the blog.
Finish is now 5/10 (from 7/10). Deferred maintenance is 2/10 (from 5/10). Assuming the structural failure has been permanently stabilized and corrected, the value score is now 4/10 (from 7/10). If you’re a serious buyer, don’t assume. Verify.
The new Osman score is 53/100.
It’s not uncommon for historic homes to have repair work to brick and mortar. Bad grading and poorly constructed foundations eventually fail. The permanent solution is to lift the home and pour a proper foundation. It’s a six figure repair.
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Ready to buy or sell? Schedule an appointment or call 303.746.6896.
You can also like our Facebook page or follow us on Twitter.
As always, your referrals are deeply appreciated.
—
The ideas and strategies described in this blog are the opinion of the writer and subject to business, economic, and competitive uncertainties. We strongly recommend conducting rigorous due diligence and obtaining professional advice before buying or selling real estate.
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Score Revision: 1565 Columbine Ave [Caveat Emptor]
—
by Osman Parvez
If you see signs of deferred maintenance, expect more substantial issues lurking.
If you see signs of structural failure, it’s probably best to walk away.
I can’t retroactively score Fresh Listings that have been delivered to your inbox, but I can re-score them on the blog.
Finish is now 5/10 (from 7/10). Deferred maintenance is 2/10 (from 5/10). Assuming the structural failure has been permanently stabilized and corrected, the value score is now 4/10 (from 7/10). If you’re a serious buyer, don’t assume. Verify.
The new Osman score is 53/100.
It’s not uncommon for historic homes to have repair work to brick and mortar. Bad grading and poorly constructed foundations eventually fail. The permanent solution is to lift the home and pour a proper foundation. It’s a six figure repair.
—-
Ready to buy or sell? Schedule an appointment or call 303.746.6896.
You can also like our Facebook page or follow us on Twitter.
As always, your referrals are deeply appreciated.
—
The ideas and strategies described in this blog are the opinion of the writer and subject to business, economic, and competitive uncertainties. We strongly recommend conducting rigorous due diligence and obtaining professional advice before buying or selling real estate.
—-
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More about the author
Osman Parvez
Owner & Broker at House Einstein as well as primary author of the House Einstein blog with over 1,200 published articles about Boulder real estate. His work has appeared in the Wall Street Journal and Daily Camera.
Osman is the primary author of the House Einstein blog with over 1,200 published articles about Boulder real estate. His work has also appeared in many other blogs about Boulder as well as mainstream newspapers, including the Wall Street Journal and Daily Camera. Learn more about Osman.
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Thinking about buying or selling and want professional advice?
Call us at 303.746.6896
Your referrals are deeply appreciated.
