Posted by HR on July 12, 2001 at 19:35:29:
I’ve NEVER bought a rehab project (and I’ve bought a few) that didn’t have termite damage. Granted, we got a HUGE termite problem here in New Orleans, but I agree completely: those critters scare the crap out of most folks. Yours are likely native subterraneans, and they don’t eat that much. If it’s not a slab home, but raised, see if you can see the mud trails underneath. Termites hate light and love water. If it is a slab, see if you can see where/how they are getting in.
Push hard on walls to see if they “give” too much. You may need to demo some rooms, restud, resheet rock, and then paint etc, but I always get such ridiculous prices for these places that it’s a bargain in comparison to the repair work.