Saw this beautiful terrace home we liked in an area in Melbourne which is tightly held. We are second time home owners but have never done any renovations and are not sure what kind of hidden costs may be associated with this. 334 Pigdon Street, Carlton North, Vic 3054 Currently there are cracks across the front of the house and through the house and walls, the floor is slumping and there is a musty smell in the home. Unsure if its major structural damage or not! Does anyone have any experience into what kind of costs we will be running into to fix the structure up and live in it. We are thinking it will also have lead and asbestos. The house is built in 1979. Is a budget of $100k too low? Really appreciate advice on this!