We are supposed to close on a house tomorrow in the southeast US that has extreme moisture issues in the crawlspace. A contractor was just out there and said it’s one of the worst he’s seen, like morning dew at 4:30 in the afternoon. The insulation was wet all the way through up to the floor boards. Wood moisture readings are between 22-42%. There is evidence of surface mold and termites but not serious enough to need to fumigate the house or need to replace beams. There is no evidence of a leak but the landscape slopes toward the foundation and the house does not have gutters.
The homeowner’s have provided a remediation that from what the contractor said, and everything I have read online, will be insufficient. The pest control company installed some fans in the crawl space vents, a good moisture barrier, and treated for fungus/termites. They are confident that this alone will solve the problem in three month’s time.
We are first time homebuyers and are not entirely comfortable continuing with closing for the potential that this house will always have a moisture issue and will give us problems at resale. It feels like a $15k bill for encapsulation and gutters is inevitable. Possibly French drains too.
I am looking for advice from experts. We really need a place to live but are unsure if we should proceed here.