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Home Repair The Old House

Bad foundation and construction status?

6 years ago

I'm living in colorado. I just bought a 1950's home. The place is kinda falling apart because the original owners dug out the crawlspace under the house to try and make it into a full basement. Basicaly the ground the foundation sits on is nearly gone. I had a pipe burst which flooded the basement and made the problem much worse. I need to pour cement or something. How do i move my house into construction status so i dont have to pay taxes while im trying to save up for work it needs done?

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Comments (2)

remodeling1840
6 years ago
Taxes are the least of your problems. Did you not have a home inspection done before you closed on the house? Call a structural engineer to totally assess the situation, find a general contractor, and the real estate agent who sold you the house. In many states, the previous owner is required to disclose major defects. You need a plan to fix this.
Seabornman
6 years ago
What is "construction status"? Where I live, an individual can ask for a reduction in appraised value, but there's always going to be some taxes. You could argue the house is inhabitable, but the lot and improvements have value. Ask your tax assessor.
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