Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
×
Try Pro Features for Free
Start your 7 day free trial. Pick markets, find deals, analyze and manage properties.
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Sriram Suri

Sriram Suri has started 1 posts and replied 2 times.

Thanks for the info Ghassan, as you said 1.6 inches is more than half of what is permissible, i would prefer to get out of this house and get my money back. I am still waiting on information from construction team. Not sure if this is fixable issue or not, trying to find more info online. How do I approach LENNAR to get my money back?

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