Hi, I have a fairly solid deal of a property, but on investigation found that upstairs wall has a crack like this. What could be the cost of such a repair and if everything else in the house seems OK, would you go for it OR not?
Pic - source /credit -- Cold well Bankers website !
Not a property in CA, but in mid-west!
If it's just some cracked drywall, a few hundred bucks will more than cover it. It's nothing, buy the property!
That crack looks fairly wide. The crack itself would only cost a 100 dollars to patch up to look good but I would be concern about why it cracked.
I would want to search the whole house for more cracks. Check the foundation for damage, see if the floors are level, check the roof for it dipping or anything else that suggest structural damage.
I would be all over that foundation and checking the structural integrity of that property. a crack like that had to have been caused by large amounts of stress in a place where there shouldn't me much stress.
Hello, Thanks folks. That helps to decide. Will see if I have to get a contractor to go in and further check the basement.
Free eBook from BiggerPockets!
Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks and techniques delivered straight to your inbox twice weekly!
- Actionable advice for getting started,
- Discover the 10 Most Lucrative Real Estate Niches,
- Learn how to get started with or without money,
- Explore Real-Life Strategies for Building Wealth,
- And a LOT more.
Sign up below to download the eBook for FREE today!
We hate spam just as much as you
Create Lasting Wealth Through Real Estate
Join the millions of people achieving financial freedom through the power of real estate investing