Need your help reddit. My wife and I are looking for a house in the aftermath of Harvey. We've come across a house that got a foot of water in it. Its a beautiful house that could go for over 200k fully repaired.
My question is if the value of the house is ever going to go back up in value now that its been flooded? Its listed for 165k and all the sheet rock and insulation are removed and the floors stripped. Its ready to put whatever you want in it. I can do most all of the work myself so i can save money there.
My gut tells me its a really good deal with work. But my fear is that now that its been flooded, it will be hard to sell one day.
Does the market understand when it comes to these floods? This was an 800 year flood... almost 50% of the houses in the greater houston area flooded.
Submitted September 16, 2017 at 10:49AM by TheJMatt http://ift.tt/2fbZW21
