Seeking Advice on Foundation Repair Costs and Financing in Cincinnati Area

OP

Rental Property Investor · Florida State, FL · Member since 2022 · 66 posts · 30 votes

Hello Alfath Ahmed,

Thank you for your quick response to my post. I would greatly appreciate any GC referrals you could provide, especially those who have experience with foundation repairs in the Cincinnati area. Could you please share their contact information, and if you've worked with them personally, any insights on the quality of their work would be fantastic.Thanks again for your help!

OP

Rental Property Investor · Florida State, FL · Member since 2022 · 66 posts · 30 votes

Quote from @Alfath Ahmed:

Quote from @Seth Baumgartner:

Hello BiggerPockets Community, I hope everyone is doing well. I'm Seth, a real estate investor focusing on building a vast portfolio. Currently, I'm dealing with significant foundation issues in one of my Ohio properties. The house lacks a full foundation all around and also has a partial crawlspace. To top it off, the front of the house is sloping by about a foot. I've received an initial estimate for the repairs, but it's quite hefty. Before moving forward, I'm interested in hearing from anyone who has dealt with similar issues: What were the approximate costs you encountered for foundation repairs? Any reputable contractors you could recommend in Ohio? Strategies for financing costly repairs while still keeping an eye on property acquisitions? If you've done foundation work, what hidden costs or challenges did you encounter that weren't obvious initially? Any insights or advice would be greatly appreciated.

Best, Seth Christian Baumgartner

I have some good GC referrals that I can send your way.

Hello Alfath, Thank you for your quick response to my post. I would greatly appreciate any GC referrals you could provide, especially those who have experience with foundation repairs in the Cincinnati area.Could you please share their contact information, and if you've worked with them personally, any insights on the quality of their work would be fantastic.Thanks again for your help!

Sam McCormackBusiness Member

Real Estate Agent · Cincinnati, OH/NKY · Member since 2021 · 1k+ posts · 835 votes

[email protected]859-443-4952

Quote from @Seth Baumgartner:

Hello BiggerPockets Community, I hope everyone is doing well. I'm Seth, a real estate investor focusing on building a vast portfolio. Currently, I'm dealing with significant foundation issues in one of my Ohio properties. The house lacks a full foundation all around and also has a partial crawlspace. To top it off, the front of the house is sloping by about a foot. I've received an initial estimate for the repairs, but it's quite hefty. Before moving forward, I'm interested in hearing from anyone who has dealt with similar issues: What were the approximate costs you encountered for foundation repairs? Any reputable contractors you could recommend in Ohio? Strategies for financing costly repairs while still keeping an eye on property acquisitions? If you've done foundation work, what hidden costs or challenges did you encounter that weren't obvious initially? Any insights or advice would be greatly appreciated.

Best, Seth Christian Baumgartner

I can connect you with a structural engineer who can take a look at it

Sam McCormack Realtor

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1 Reply

Joseph Cornwell

Real Estate Agent · Cincinnati, OH · Member since 2015 · 474 posts · 580 votes

Quote from @Seth Baumgartner:

Hello BiggerPockets Community, I hope everyone is doing well. I'm Seth, a real estate investor focusing on building a vast portfolio. Currently, I'm dealing with significant foundation issues in one of my Ohio properties. The house lacks a full foundation all around and also has a partial crawlspace. To top it off, the front of the house is sloping by about a foot. I've received an initial estimate for the repairs, but it's quite hefty. Before moving forward, I'm interested in hearing from anyone who has dealt with similar issues: What were the approximate costs you encountered for foundation repairs? Any reputable contractors you could recommend in Ohio? Strategies for financing costly repairs while still keeping an eye on property acquisitions? If you've done foundation work, what hidden costs or challenges did you encounter that weren't obvious initially? Any insights or advice would be greatly appreciated.

Best, Seth Christian Baumgartner

We have fixed several foundations, lifted several houses to level, etc. The costs can range wildly depending on how severe, but our typical costs on major structural lifts were around 10k, usually the easiest way is by building a temporary support and using bottle jacks to slowly lift the house back to level, then fixing the framing at the new level position. This could be a lot more depending on the size and scope. In general whenever you are working in a crawl space the cost goes up because it is tougher to access, and its a dirty, nasty work environment in most cases. We are based in Cincinnati if you want to discuss more options, best of luck on the project!

OP

Rental Property Investor · Florida State, FL · Member since 2022 · 66 posts · 30 votes

Quote from @Joseph Cornwell:

Quote from @Seth Baumgartner:

Hello BiggerPockets Community, I hope everyone is doing well. I'm Seth, a real estate investor focusing on building a vast portfolio. Currently, I'm dealing with significant foundation issues in one of my Ohio properties. The house lacks a full foundation all around and also has a partial crawlspace. To top it off, the front of the house is sloping by about a foot. I've received an initial estimate for the repairs, but it's quite hefty. Before moving forward, I'm interested in hearing from anyone who has dealt with similar issues: What were the approximate costs you encountered for foundation repairs? Any reputable contractors you could recommend in Ohio? Strategies for financing costly repairs while still keeping an eye on property acquisitions? If you've done foundation work, what hidden costs or challenges did you encounter that weren't obvious initially? Any insights or advice would be greatly appreciated.

Best, Seth Christian Baumgartner

We have fixed several foundations, lifted several houses to level, etc. The costs can range wildly depending on how severe, but our typical costs on major structural lifts were around 10k, usually the easiest way is by building a temporary support and using bottle jacks to slowly lift the house back to level, then fixing the framing at the new level position. This could be a lot more depending on the size and scope. In general whenever you are working in a crawl space the cost goes up because it is tougher to access, and its a dirty, nasty work environment in most cases. We are based in Cincinnati if you want to discuss more options, best of luck on the project!

Joseph, thank you for sharing your experience and insight on foundation repair costs. Your figures are substantially different from the initial estimate I received, so I'm keen to explore this further. I appreciate the challenges involved in working in crawl spaces, but the potential cost savings are significant.I'd love to discuss my project with you in more detail, considering you're based in Cincinnati, which is exactly where my property is located. What would be a good time to reach out?

OP

Rental Property Investor · Florida State, FL · Member since 2022 · 66 posts · 30 votes

Quote from @Sam McCormack:

Quote from @Seth Baumgartner:

Hello BiggerPockets Community, I hope everyone is doing well. I'm Seth, a real estate investor focusing on building a vast portfolio. Currently, I'm dealing with significant foundation issues in one of my Ohio properties. The house lacks a full foundation all around and also has a partial crawlspace. To top it off, the front of the house is sloping by about a foot. I've received an initial estimate for the repairs, but it's quite hefty. Before moving forward, I'm interested in hearing from anyone who has dealt with similar issues: What were the approximate costs you encountered for foundation repairs? Any reputable contractors you could recommend in Ohio? Strategies for financing costly repairs while still keeping an eye on property acquisitions? If you've done foundation work, what hidden costs or challenges did you encounter that weren't obvious initially? Any insights or advice would be greatly appreciated.

Best, Seth Christian Baumgartner

I can connect you with a structural engineer who can take a look at it

Sam, thank you for your offer to connect me with a structural engineer. I believe a professional opinion on the foundation could offer invaluable insights and possibly more cost-effective solutions. Could you please provide more details about how to get in touch with the engineer?