Just made an offer on an 1886 victorian in northern california, and the listing agent has a pest inspection from earlier this year, which apparently says that there's powderpost beetle damage that will be $20,000 to fix. I haven't had the report in my hands yet, but I'm wondering if anyone on here has had experience with beetle damage to their old house foundation? I looked at another house, a 1910 craftsman, that also had powderpost beetle damage, but repairs were estimated at only $6500. Is this a cost I'd have to pay right away, like in the next few years, or something I may be able to put off??
The house is local redwood construction, wooden post/pier foundation with some cement under the posts. Anyways, it seems to me that $20,000 is a lot for beetle damage, when I compare it to the other house I looked at. They're about the same square footage, 1400. This makes me worry that the damage is deeper and more immediately threatening... Any thoughts?