Selling or Purchasing a Home in Need of Foundation Repair

Selling or Purchasing a Home in Need of Foundation Repair

Buying or selling a home needing foundation repair isn’t necessarily a bad decision, but there are several boxes to tick before making that decision. Read on to learn what you must do before buying or selling a home in need of foundation repair.

Foundation Assessment

The first step is assessing the severity of the damage. Even seemingly small issues can be dangerous and expensive, but larger structural damage will cost significantly more, so it’s important to know exactly what you’re getting into.

Estimated Cost

The next thing you’ll want to consider is the cost. Low-end foundation repair costs around $5,000, but serious issues could go up to $50,000 or higher. Knowing the severity of the damage and having a cost estimate for the repairs is important for both parties to negotiate a fair deal.

Understand the Risk

Both parties should also understand the risk they face. As a buyer, you bear repair costs once you purchase the house, so you’ll want to keep this in mind when negotiating. As a seller, figure out the best way to attract buyers to a house with structural damage. You may decide to have the repairs done yourself, offer a discount on the price of the house, or offer additional furnishings or perks.

Get Professional Foundation Repair When Necessary

Understand when to get a professional involved. As a buyer, you may feel the current owner isn’t being completely transparent. As a seller, you may want to instill confidence in potential buyers. Either way, it’s a good idea to contact a reputable foundation repair company as a trusted third party to assess damages and estimate costs. 

Contact Christopher Contracting LLC Today

If you’re buying or selling a home in need of foundation repair or need foundation repairs in San Antonio, TX, reach out to us at Christopher Contracting, LLC today!