The first steps to selling your home involve determining your home’s current condition and developing an asking price. According to reports by the National Association of Realtors, foundation issues are among the top ten most common home defects. Approximately 25% of homes in the United States experience some form of foundation distress. These issues are a common problem faced by millions of homeowners in the US and we want you to be prepared for what that means when it comes to selling a home with foundation issues.
FOUNDATION ISSUES – SIGNS & SYMPTOMS:
Foundation issues refer to any problems or damage that affect the structural integrity of a building’s foundation. Common types of foundation issues include cracking in foundation walls, settlement, uneven floors, leaning walls, flooding, and more.
Consider the Location:
The location of the home can also impact the types of foundation issues. Homes in areas with expansive clay soils or high water tables are more likely to have foundation issues. It’s important to understand the geological and environmental conditions of your home.
Get a Professional Inspection:
It’s essential to get a professional inspection of the foundation issues by a foundation repair specialist or licensed structural engineer. They can assess the extent of the damage and provide the best recommendations for repair or replacement.
Understand the Costs:
Foundation repairs can be expensive, so it’s important to get a clear understanding of the costs involved before deciding to sell your home. The Repair Costs can vary widely depending on the extent of the damage and the type of repairs needed. At RhinoLift Foundation Solutions, we are happy to provide multiple solutions to meet your specific needs and save you money.
Foundation Repair Benefit:
If foundation issues are significant, it is highly likely the buyer will negotiate with the seller to lower the price of the home to account for the repair costs. Oftentimes we have found the concession amounts requested by the buyer exceed the cost of the repair. Therefore, we recommend talking with a foundation repair expert before selling your home so that the appropriate repairs can be made to maximize your home’s resale value.
Warranty:
We are proud to offer a 30-year warranty on all foundation underpinning services and a 5-year warranty on deep soil injections. Our company understands that foundation issues can be a stressful and costly problem for homeowners to deal with, which is why we stand behind the quality of our work with these comprehensive warranties. These warranties are transferable between homeowners and provide additional assurance to potential buyers. Selling a home with foundation issues can be a complex and challenging process, but with proper preparation and the help of qualified professionals, it can be done successfully. Let us help you navigate this process and ensure you receive what you deserve for your home.
