Another classic rentable single family unit. Decent street and nice solid building.
Range of works that need doing is fairly typical – the previous owners, a Bank, had neglected the place as they typically do. The back door had been forced and left open. The plumbing and some wiring had been whipped out, along with the boiler. The roof of the house and garage need replacing as well as fixing the garage door.
The problem with copper theft of this kind is the damage they do when ripping it out. Big holes are knocked in walls and a lot of damage done – out of all proportion to the small value of the items. We now as a matter of standard procedure, check water and electric circuits in all properties as just about always there are faults and sorting out this aspect of properties is usually the biggest headache and cost.
Additionally, with Somerset, the furnace looked like something from the Titanic..after it sunk. It will need replacing along with ducting. That’s $4,500 for starters. I note the price to make the point very clear that refurbishment is most definitely not a cheap process and our clients are getting very great value for money to have it included in the purchase price. In many cases, they are getting the house for just about free, if the cost of the works was at full market rate. Anyone thinking of doing this themselves – go right ahead, but just watch out for the numerous pitfalls that make a big hole in your wallet.