Tips for Closing on a Home in Need of Foundation Repair
Have you found the perfect house to buy? Is it in need of foundation repair?
Signs of foundation damage are often enough to put many buyers off purchasing a home. However, they shouldn’t be a deal breaker. Every home suffers foundation damage at some point in its existence. Many times, the damage isn’t too severe and can be easily repaired. Don’t write off what could be your dream home simply because of a few foundation cracks.
What to do when before closing on a house in need of foundation repair
Buying a house is a significant investment. In fact, it could be the biggest investment you ever make in your life. It is therefore not uncommon for buyers to experience stress when they are faced with problems during the purchasing process. If foundation damage is a problem you have encountered, take the steps below to ease the anxiety and make an informed decision.
1. Don’t panic
The first and most important thing to do is to avoid panic. Don’t run for the hills simply because your dream home has a foundation issue. Look at the positive side of things. You may be able to close on the house at a lower price because of the damage to the foundation.
Another positive thing to note is that many foundation problems can be resolved. Some problems can be resolved within hours or days by applying affordable solutions.
2. Have the home inspected
If you haven’t already closed on the house, get the foundation inspected by a licensed structural engineer. The engineer’s report will give you a true picture of the issues affecting the foundation and how severe the damage is. You can make a decision on whether to continue with the purchase or not based on the information provided in the report.
3. Consult a foundation repair company
If you’ve decided to continue purchasing the home, you should consult a repair company. The company will provide you with options for repairing the foundation, estimates, and timelines. You can use this information to negotiate for a lower price on the house. You would therefore be able to recoup the repair expense by purchasing the house at a lower price.
Foundation issues shouldn’t be a reason not to purchase a house. Get the information you need to ensure you make a good purchase by applying the tips above.
Ohio State Waterproofing has provided quality service with over 80,000 successful waterproofing and foundation repair installations and satisfied customers since our inception in 1978.
Ohio State Waterproofing’s philosophy for success is to provide honest, courteous and guaranteed service to every customer. Our reputation reflects this. Our well-trained waterproofing technicians are dedicated to complete customer satisfaction. This is achieved through fast, efficient processes as well as teamwork throughout this organization. You will always find a friendly representative willing to meet your needs at Ohio State Waterproofing.
We are a full service company that handles problems ranging from patching cracks to rebuilding basements. In addition, we hold three patents related to waterproofing that make us unique in the industry. These patents and our experience allow us to be able to do what every other waterproofer can do, but no one else can do what we do.
We are actively involved in the industry and community, including the National Association of Waterproofing Contractors, BHA, NARI, NAHB, NHIA, the BIA, the FHA and a number of consumer advocacy groups, as well as playing leading roles in a number of charitable functions.
But, most importantly, our highest degree of praise comes from the thousands of referrals we get from satisfied customers. Together they’ve made us a leader in the basement waterproofing and foundation repair industry.