I'm thinking now about changing the upper floor hallway and stairs to hardwood (maybe with a carpet runner?) and bedroom floors to carpet. Should the master be hardwood too then and just the 3 kids bedrooms to carpet?... more
Never buy any home no matter how good of a deal it might seem like without fully satisfying yourself to the extent of the damage and without having at least a couple of very reliable quotes. You will incur some out of pocket costs when doing your inspections, but depending on the overall extent of the damages on the property, you can eat up $25,000 in a blink of an eye.
Have your agent help you gather information. You don't need to go it alone. If you aren't yet working with an agent, write me at DaveO@TheOCmls.com and I can tell you all the critical steps you will need to take before making a big move like this.