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Updated almost 3 years ago on . Most recent reply

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Mak K.
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214
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Remodeling- Foundation Issue House

Mak K.
Posted

I am looking at a house which floor is leaning due to foundation issues. Its a two story house (2200 SF). The house is leaning on one side due to soil settlement. The seller has a foundation repair quote for 20K with 1 year warranty.

Any body who has dealt with such foundation issue remodeling. My concern is even if I spend 20K on foundation, once its fixed, the other stuff such as door frames, window frames, cracks etc will need to be fixed. What are other issues I need to account for? 

Once I fix it, would I have challenges in selling the house in the market? If the item is fixed, does it show up on seller disclosures? Because people stay away when they hear foundation issues. 

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Chris Seveney
  • Investor
  • Virginia
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Chris Seveney
  • Investor
  • Virginia
ModeratorReplied

@Mak K.

Why would you pay to fix it?

Yes you will have to make sure everything else gets fixed and check windows as they probably cannot open which when foundation is fixed could still be problematic. Issues like this I take on but if it’s $20k to repair I would discount it by $50k+ to deal with it and all the ancillary side effects

  • Chris Seveney
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7e investments
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