Are you trying to purchase a house? If so, why don’t you try asking your real estate agent if you should buy one with a foundation problem? Of course, you will most likely get a big “NO” as an answer. The curse of any house is foundation problems. Almost every new homeowner does not want to deal with these issues. Though you can likely look for an excellent house with an excellent foundation, you might be able to get a better deal on a house with foundation problems.
As of today, the housing market is quite hot throughout the US. Homes that are listed will be sold within hours. However, homes with foundation problems will probably be listed cheaper and stay on the market for a little longer. Thus, you could possibly get a greater deal on a home with foundation problems. However, you’ve got to understand several things.
Inspecting The House
Your first step should be to contact a foundation inspection company if you found a house that you want but has foundation problems. Regular house inspections will discover a lot of issues. They will even mention foundation issues. However, only a foundation inspection company will tell you how severe the foundation problems are. In addition to that, a foundation inspection company will probably provide you an estimate of how much the repair will cost.
Repairing the Problem
Oftentimes, a house with foundation problems is about 25% more affordable compared to similar houses in the area. The reason for this is that foundation issues are such a major problem. This means that you clearly want the foundation repair to not surpass the amount you’re saving. In addition to that, you might be able to approach that the problem is repaired by the homeowner before you purchase the house. But, it’s much wiser to have it repaired yourself. This is because you can pick an excellent contractor instead of a cheap one.
A home might be worth buying if the math behind a foundation repair works out so that you’re buying the house for a great deal. But, you also have to ensure that whatever caused the foundation problem will not come back as well.
How to Negotiate with the Seller about Foundation Problems
You can either ask for a repair credit or the sale price should reflect the need for repairs.
You have to keep in mind that you should not ask the seller to make the repairs themselves. The reason for this is that there are a lot of foundation repair companies out there. Not all of them are the same. Several will quote a cheap rate and will do a low-quality job. Of course, since it does not benefit them, the seller will not be worried about the quality of the job. That is why they will always hire a cheap company. This means that you will be the one who will deal with the low-quality work in the future.
You should be the one fixing the issue so that you can hire a reliable San Angelo Foundation Repair contractor.