u/Dropperofdeuces

Image 1 — House we love has a sketchy basement, can exterior excavation with membrane fix this without full concrete encasement?
Image 2 — House we love has a sketchy basement, can exterior excavation with membrane fix this without full concrete encasement?

House we love has a sketchy basement, can exterior excavation with membrane fix this without full concrete encasement?

Hello everyone,

My wife and I are looking at a house in a neighborhood we really like, but the basement needs some work. I only have these two photos to share right now, but I hope they give a decent idea of the current state.

If we’re lucky enough to get the house, our budget for basement repairs will be pretty limited, so we need to be smart about the approach. I ran this by an AI and now want real-world confirmation from people who’ve dealt with this:

- Is it realistic to excavate the exterior of the foundation, add a proper waterproofing membrane to the foundation walls, and call it good enough to stop further deterioration?

We’d really like to avoid having to encase the interior foundation walls in concrete (or other major interior work) if possible. If that’s basically a non-negotiable requirement here, we’ll probably walk away and keep looking.

Any advice, experiences, or red flags would be hugely appreciated. Thanks in advance!

u/Dropperofdeuces — 7 days ago

Curious what people think is the better financial decision in this scenario.

You receive $1 million today and must choose between:

Buying a home outright for your partner and two children to live in for the rest of your lives

or

Investing the full $1 million and attempting to build enough wealth/income to eventually live off the returns

Assumptions:

- They are 20 years away from retirement

- They have no debt

- They currently have no retirement savings

- The children have no education savings

- Both adults are employed

If you choose investing, the goal would be to potentially retire early

If you choose the home purchase, the full $1M is used, leaving no mortgage and no remaining cash

From a strictly financial standpoint, which option would you choose and why?

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u/Dropperofdeuces — 16 days ago