Houses with Foundation Issue in DFW area
I'm a new investor from California Bay Area and interested in properties around DFW area. I noticed there're quite a few houses mentioned foundation issues which could take a few thousand dollars to fix with 10-15 years warranty. The money to fix seems not that much but I'm not sure if houses with foundation issues should be worried about. Any one know if this is a common issue around DFW area or Texas in general? As a long-distance new investor should I avoid this kind of houses or it doesn't matter as long as it can be fixed?
Most Popular Reply
I own a foundation repair company, so I don’t get scared off by those problems. If anything I see them as opportunities for others because unfortunately there is often time fear about a home that has settled. Take advantage of that and pursue the opportunity that others will not.
Can’t be stressed enough: find a reputable company. There is no regulation in the foundation industry in the state of Texas. Anyone with a shovel, wheelbarrow, and jack can declare themselves a professional foundation repairman. When they get run out of town, the warranty won’t be worth the paper it’s printed on.