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Updated 28 days ago on . Most recent reply

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Sriram Suri
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First time buying home for investment, foundation issue in 3rd party inspection

Sriram Suri
Posted

I put down payment on a new LENNAR home in San Antonio area. Closing in 2 weeks, got my third-party inspection done before initial walk. There are many cosmetic issues which can be fixed but had concern from inspector on foundation

Report - "Monitor: It might be wise to get the foundation remeasured within the next year or two to better evaluate the rate of movement. Most homes do most of their shifting/settling in the first five to 10 years. Once the differential gets above two and a half to 3 inches, cracks will form in larger quantities on the walls and ceilings, doors will open/shut on their own and windows will be difficult to open as the frames shift. The structural integrity of the structure could eventually come into question, and repair recommendations may be necessary. A measurement of 1.6" was observed at the home. Although in the normal range, this is higher than normal for a new construction and should be monitored closely going forward."

Inspector and real estate agent say this is not normal and may cause foundation issues in the future. Is this a major concern? Does anybody know what this means and what are my options? I did 10% down on this home to book it. Lennar concierge said she forwarded the report to construction manager and waiting on his response which may take couple of days.

Should i go ahead and take a risk or leave it?

Thank you

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Sriram Suri
Replied

Thanks for the reply Ghassan, I was able to get in touch with Lennar people and provided them with third party inspections report. Also talked with construction manager regarding this, and they came back saying this is still ok as 1.6" is with in permissible range.
I told them I did not want to take risk and wanted to transfer to a different house on the same street. I thought this would be a back and forth and lot of convincing and it was anything but these. Kudos to Lennar for letting me transfer to a different home, I was pleasantly surprised.

For the home I am transferring to, had the foundation checked before signing and it was fine.

Well i am good to go, I guess.

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