Should I Repair my Foundation or try to Sell the Home as is?
Sellers who want to sell their home but don’t want the hassle of paying to repair the foundation, may be in for a rude awakening! Much like a vehicle that doesn’t start, a home with a weak foundation loses more value than the foundation may have initially appeared to provide. Weak foundations can also quickly begin to affect the curb appeal of the home. Sure Safe has years of experience working with realtors and that experience has proven a strong or weak foundation is one of the most important aspects of any home’s value.
A new home doesn’t usually come with an itemized list explaining the exact dollar value of the individual parts of the structure, so many people often don’t understand how important the foundation is in comparison to the rest of the home. However, the value of a strong foundation can in part be inferred from the cost of repairs.
While repair costs depend on the level of damage, the average person can spend anywhere from tens of thousands of dollars for smaller repairs all the way up to $100,000 or more to repair a failing foundation. Traditional repair methods can take up to weeks or months while the home is dug out and or lifted to allow for the repairs. Understanding these numbers can give an idea how much money a strong foundation can cost you if you sell the home as is rather than repair it before you place it on the market.
Foundation value and curb appeal
The foundation is responsible for many aspects of your home’s curb appeal. A weak foundation can lead to sagging floors and walls, stuck windows, and cracks in the ceiling. Foundation issues often lead to unsightly cracks visible on the outside of the home. Gaps can form between the landscape and perimeter of the home and will lead to a decrease in the value of the home, especially when attempting to sell.
Over the years Sure Safe has been fortunate enough to work with many excellent realtors and understands the importance a strong foundation is to the resale value of a home. Most home sales require an inspection of the property, including the foundation. When foundation repairs are shown to be necessary, the cost, almost without exception, falls to the seller. When the seller passes the cost to the buyer, the sale is either lost or the costs will quickly soar into the tens of thousands of dollars off the sales price depending on repair costs and the inconvenience to the buyer, not to mention significant delays. That’s why it’s always better to maintain the value of your home by knowing what’s holding it up and, having the professionals from Sure Safe EFS inspect your foundation.
Sometimes foundation issues may not be discovered by either party until the sale of a home is almost through. One such situation occurred with a Sure Safe customer. The realtor shared how Sure Safe “saved a home from falling out of escrow by helping the buyers and sellers get out of a tough bind” and repairing the home’s foundation in the time allotted. What’s more, because of Sure Safe’s patented technology, the customer saved over $50,000 in the process!
Remember, A strong foundation leads to strong curb appeal which means a strong selling price and an uninterrupted home sale. Sure Safe knows a thing or two about foundations! Contact us for all your foundation needs.
