I am looking at buying a 50 year old wood-construction apartment building. It looks in very good condition, but approximately how long does this kind of building last? It is a typical box style aparment building with 2 stories, and 4400 sqft and a tar and gravel roof (I know the roof needs replacing soon). It is in a city on the Ocean. The Winters are semi-cold (snow and stuff) but it's not Alaska or anything like that.
I know you can't know these things exactly, but I'm hoping for a ball park estimate. Will it last 5 more years or 50 more years?
Thanks
2007-08-15
18:12:51
·
3 answers
·
asked by
Nobody In Particular
1
in
Business & Finance
➔ Renting & Real Estate
Based on a preliminary (non-professional) inspection: There has been no water/fire damage and bug damage is extremely minimal.
I will definitely have a professional, comprehensive inspection done (either before making an offer or as a condition of an offer).
Thanks
2007-08-15
19:23:43 ·
update #1