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Rehabbing & House Flipping

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Robert Weekley
  • Investor
  • Canton, OH
6
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12
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Foundation issues

Robert Weekley
  • Investor
  • Canton, OH
Posted Aug 4 2016, 16:44

Hi BP community. I have a contract to purchase a SFR in Canton Ohio that has a foundation issue. The foundation has sunk a little causing the floors in the home to slope a little. We have estimates for repair work that will install helical piers every 5 feet to reach solid bedrock and support the home to prevent further issues. I will also have the home raised back to normal level. So my question is, after the repair work is done and I resell the property, will this have a negative impact on sales price? If so, how much should I adjust?

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