Re: We bought a money pit too!
Kathy .... yikes ... I feel for your situation.
Please understand this is not meant to downplay or be insensitive to your situation .... rather .... meant as a general comment for others who may be purchasing a home.
Unfortunately many home buyers fall victim to situations such as yours ..... buying a home without having a pre-purchase inspection done .
Being first time homeowners we didn't know what to look for.
Many times homes are bought after a cursory look at the home by the potential buyers and lacking proper inspections by the purchaser.
For this reason it's not surprising that many buyers are finding problems with the home after purchase.
As mentioned ... " didn't know what to look for " is the reason for hiring someone to do a pre-purchase inspection..... like a certified/licensed home inspector or a general contractor. An experienced and qualified person doing the inspection would discover many issues before making the purchase .... allowing the buyer to make an informed decision whether to buy or run.
In some cases purchasers will turn to legal means to sue the seller for nondisclosure.
Depending on the laws in your area ..... There may be provisions for the seller and others involved with the selling of the home to disclose any known defects in the property .... but .... this can be difficult to prove when major problems are found after possession.
This means the costs of a lawyer which may or may not end in your favor.... but will still cost money for the legal proceedings.
While not being a lawyer and generally speaking ... the onus is on the purchaser to complete their due diligence as to the condition of the property prior to closing.
The only real protection for the purchaser is to include a condition in the purchase offer for a satisfactory inspection by someone qualified. If this option is not taken by the buyer they can be solely responsible for the inspection of the home ..... usually done in a quick walk through before making the offer.
Having said that .... what to do ....
Judging by the things you've listed it sounds like you are overwhelmed and may not know where to start and how.
So as a suggestion ....
It might be helpful to hire a certified/licensed home inspector or contractor to evaluate the issues at your house. They would consult with you as to what the issues are and what needs to be addressed and the priorities.
They can provide you with direction for a reasonable game plan so you can properly budget for and attack the repairs .
They would also be able to advise you what repairs would need professionals and those you may be able to perform yourselves .... and may even provide information on how to do things , what materials to use and costs , etc..
Once you have sorted out the list of things there are plenty of folks here that will assist with particular questions you need help with.
"" an ounce of perception -- a pound of obscure "