"Is it worth it" is a loaded question. It is obviously going to need work. Will you be doing it or paying for it? Is this a place with which you have an emotional attachment?
Looks like you can count on an entirely new roof. Is there interior water damage?
As far as the foundation, if the rot is just at the corners you might could get by with just a little jacking and replacing the rotted segments. If rot is all the way around I'd guess you'd have to jack the whole thing up.
What type of foundation is it? Is it a slab? What are the foundation logs sitting on?
What is the status of the plumbing, septic and drain field?
Im not sure if jacking up is necessary if logs have lasted 50 yr on ground. subsurface is clay/sand for 3 ft and then dirty gravel.
I totally agree. If it were me, that would be my first step. Compare it to having a trained mechanic check over a vehicle that you are wanting to purchase, before you put down money.Have you thought about obtaining the services of a reputable home inspector? That may be money well spent.
Steve
You had mentioned rotting in the corners. I assumed you meant the corners of the foundation. If so, you'll have to get the rotted log end out and a new piece of log in. Seems to me you'd have to jack up the logs on top of the rotted log ends to get them out since there will be a load on them.
But I might have misunderstood what you meant.
It seems strange to me, because of where I live I guess, that you can have a foundation of a log sitting on the ground. (We have termites and moisture here and even log cabins built 200 years ago were usually set on a stone foundation of some sort). But if the 50 year old foundation logs sitting on the ground are sound when you whack then with a hammer then I guess you're good to go.
I totally agree. If it were me, that would be my first step. Compare it to having a trained mechanic check over a vehicle that you are wanting to purchase, before you put down money.
Prices have really soared. I don't know what part of the Country you live in, but I hired an inspector that was also an appraiser and he charged me $175.00 total. But that was 6 years ago here in NC. The work was done on a mobile home with 1.87 acres that we bought for one of our Daughters'. The inspection and appraisal took around 4 1/2 hours to complete and we received the written papers the next day. By the way, I decided to pick up the paperwork at his office myself, because of the time issue. I was not aware of the increased prices involved in today's market. I sincerely wish you the best of luck in your endeavor and I hope that everything works out that is satisfactory for you.For sure. Its just that it costs $400 and then seller likely wont negotiate lower price if problems are found. I already spent $500 on appraisal.