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Updated about 5 years ago on . Most recent reply

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Alex Stone
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Buying a townhouse with a foundation repair

Alex Stone
Posted

I am looking at purchasing a 3 story townhome in Irving, TX, which is known to have shifting and expansive soil. The home was built in 2006 and is in great shape. However, there were 11 exterior concrete piers and 8 interior piers installed around the house to lift the foundation caused by a soil shift in 2015. The HOA in the community covers all exterior maintenance and repairs including the foundation and there is a lifetime warranty on the repair work. This will be my permanent residence so wanted advice if it was a poor idea to make an offer and get an inspection performed knowing there has been issues with the foundation.

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Ronald Rohde
#3 Commercial Real Estate Investing Contributor
  • Attorney
  • Dallas, TX
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Ronald Rohde
#3 Commercial Real Estate Investing Contributor
  • Attorney
  • Dallas, TX
Replied

Ha, I'd be very surprised if anyone goes to the HOA meetings! Depending on the size of the complex, no one likes to do more pro bono work.

I'd say skip and buy something else not in an HOA.

  • Ronald Rohde
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