Rewriting this as somehow it saved the title and nothing else.
Stucco has been around for 100s of years. It’s recent history is scared by EFIS which was a synthetic stucco which has a history of failing or being improperly installed. For us, the question is less about whether it needs work or not but how much work it does need. It has visibly failed in a couple of places but ripping of the rest for sake of ripping it off is not a good plan.
Western Architectural came out on Monday to look at it. The consensus is that we can repair the damaged area and attempt to match the existing as close as possible. It appears to be original to the 1906 house as there was no evidence of previous siding being covered up. The cost of the inspection is high: $160 per hour and takes four to five hours.
One of our clients had a stucco inspection on Monday as well. That house shows perfectly so it will be interesting to see how the stucco report comes out on that property.