We're in the process of purchasing a 30-year old house that both my husband and I love. The problem is that we've recently discovered that it has foundation issues and the sewage line is leaking under the house.
Re: the foundation issues, this is North Texas so the soil is clay. The house was built in the 80's and has a slab foundation. It has seen significant movement, with some corner +/-2 inches. They have installed piers over the past two years, but the levels remain unchanged.
More worrying is that our recent plumbing test showed "a dramatic loss of water level indicating a leak(s) in the sewer system." The plumber mentioned further tests to figure out exactly where the leaks are. To fix the issue we would need to tunnel under the house, mend the pipes, and I'm assuming also have to figure out clean up (laying lyme, etc.) To make matters worse, we noticed that one of the rooms has a floor that is bowing, so we're paranoid that the leak is causing the ground to swell underneath it, possibly damaging the foundation. Fixing this would be another huge financial burden.
It is looking dire, but we love house and the neighborhood/town is growing quickly with property prices skyrocketing. My question is: Is this worth it? We're hoping to come to an agreement with the homeowners re: repairs, but even if we do, is this house a lost cause? I don't want our first home to be a money pit. Any advice you have would be greatly appreciated!