Foundation issues on a flip in Fort Wayne Indiana

[Thuy Pham-Satrappe]

Hi Drew,

How are ya? Hope all is well with you!

I was hoping for some local Fort Wayne insight.

I just got an inspection done on a property where the inspector believes there are major foundation issues (cracks, bowing interior, ineffective DIY metal posts in basement).

When I spoke to the contractor who also looked at the property to provide a bid to fix and flip the house, he basically said foundation issues are not that big of a deal in Fort Wayne because all houses in Fort Wayne basically have some type of foundation issue because of how old the houses are.

My question to you is- do you have much experience with foundation issues creating issues when it comes to buying and/or selling the house?

I dont want to spend a bunch of money fixing up the house (and not the full issues behind the foundation), only to list it, get a buyer, and then have it fall through when the buyer gets their inspection.

Would appreciate your thoughts.

Thank you!

[Drew Wiard]

Hey hey! I just sent you a personal message, but you should know that this is terrible advice in my opinion. Not every house in Fort Wayne has foundation issues.... Not by a landslide. That said, foundation issues can range from $3,000 to $30,000 or much much more. I would encourage you to get two or more opinions from people who specialize in foundation work here in Fort Wayne.