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Foundation ProblemsBy: Danny Lipford
A major structural problem with your home is probably every homeowner’s worst nightmare. Structural problems left unattended decrease your homes value and only worsen over time. So if you are seeing signs of foundation problems around your home like cracks in your drywall, or if you have doors that do not open or close properly you probably need to have an evaluation done.
Is your home suffering from foundation problems?
If your home is exhibiting symptoms of foundation problems like cracks in walls, sticking and swinging doors, or uneven floors it may need foundation repair. Experienced professionals can give you an accurate analysis of your home and design a foundation repair solution.
Can you sell your house for a reduced price rather than repair the foundation?
If you are financing the sale yourself, this poses no problem. Loaning institutions generally will not close a loan without repairs being done or scheduled. However, beware as some state laws impose severe penalties for fraudulently concealing a structural problem from a buyer.
Is your home less marketable because you have had the foundation repaired?
Quite the contrary. If the foundation of your home is repaired by a reputable contractor it is considered stronger after the repairs are performed. Therefore, appraisal values will be the same, as if the problem had never developed. If you are planning on selling your home after the foundation repair work is performed the warranty from the contractor and their reputation are more important than ever.
Selecting a reputable contractor to repair you home
Finally, here are some important factors to consider before taking this daunting foundation problem on.
- No Contract Labor: Make sure the people performing the repairs work for the company.
- Financial Commitment: Does the contractor own or rent his equipment?
- Supervisors on Site: Is the company large enough to provide full time supervision, or will the crew be dropped off at your home to do the work?
- References: Make sure references are not hand picked.
- Warranties: Warranties are only as good as the company that offers them. A reputable company who has been in business for at least 25 years should be your best bet.
- Insurance: Ask for current insurance certificates.
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