Will you buy a home that was remodeled after electric fire - Real Estate -Brokers, appraisals, development, lease, investing, relocation, apartments, houses, condos, values, mortgages, loans... - Page 2 - City-Data Forum

cully · 01-15-2016, 02:57 PM

As far as the National Historic Preservation, generally 50 years. Although I personally think that's much too young to be called historic.

AZ Manager · 01-15-2016, 03:01 PM

Figure out your cost to insure the home, other than that I see no issues if it was fixed legally.

marino760 · 01-15-2016, 04:48 PM

Quote:

Originally Posted by cully

As far as the National Historic Preservation, generally 50 years. Although I personally think that's much too young to be called historic.

I think so too but I believe the main reason for this is to be able to include some 50s modern gems that would otherwise be lost to "updating".

Electrician4you · 01-16-2016, 07:32 AM

Quote:

Originally Posted by rk99

I came across a home that was completely remodeled after an fire due to electrical issues. The remodeled is done from the slab level except the exterior brick wall, which included plumbing and all the electric wiring.

The house is priced according to market rate with no option to negotiate.

Would you buy such a house? the benefit could be you are getting a house which is remodeled and have all the energy efficient features in an neighborhood with old houses, not sure about the con but it could be issues while selling the house in future, you wont be able to determine the condition of structure etc.

Expert please advice???

As long as the repairs/remodel was done to code and inspected sure. I dont see a issue.

Jkgourmet · 01-17-2016, 08:38 AM

Just out of pure curiosity - Would the new owner have to disclose this when they go to sell years from now?

Electrician4you · 01-17-2016, 10:36 AM

Quote:

Originally Posted by Jkgourmet

Just out of pure curiosity - Would the new owner have to disclose this when they go to sell years from now?

Since its prior knowledge most likely.

jojow · 01-17-2016, 10:44 PM

My inlaws house caught fire. It was torn down to the studs and completely redone. I suspect it is in better shape than it was before the fire.

If the house in questions was remodeled from the studs up, I would definitely buy it (if I liked it, of course). I would be thrilled everything was up to date and up to code.

I wouldn't think the fire would have anything to do with market value. It's no longer damaged and probably in excellent shape.

As someone said, just check the insurance to be sure.