How to go about foundation issues?

Question

Hello!

I am new to the real estate world and am looking to get my feet wet by “house hacking” a duplex or other small multi family property. After looking at several properties in Cincinnati, Ohio I have found a duplex that I believe would be a good investment.  However, there seems to be some foundational issues.  One corner of nearly every floor droops to one side, and the outside is noticeably curved as well.  Seeing that this house was built in 1889, I wondered if this was normal settling, or if there might be a major foundational problem.

I understand that it is tough to tell through an online forum, and that every case is different. In general, though, what have been your experiences with foundation issues?  Should I run now?  Hire a structural engineer to take a look?  Get a few bids from local contractors and take that into account if/when I make an offer?

All insights are very much appreciated. Thank you all in advance!

Chase Randolph · Answer

@Paul Sian Thank you for the reply!  If I move forward in the deal I will for sure hire a structural engineer to take a look before going to contractors.  Not sure if I am going to pursue this one, though...not a very good gut feeling.

Paul Sian · Answer

Contractors will have a tendency to say yes there is an issue and give you a pricey quote for repairs.   Had that happen to me when trying to sell a house.  Nothing was wrong based on the the structural engineer report.  If it is a house you are serious about then by all means bring in a structural engineer and have them provide a report.  Many times they can also provide suggested repairs if needed which you can then use to price out the cost from contractors.