Posted by Patrick Moreau on September 16, 2019 in Construction
Does foundation repair affect home value? Foundation issues will bring down the value of your home. How much depends on the extent of the damage. As a very rough estimate, significant issues can bring down the value as much as 10%-15%. On the plus side, 10%-15% of a $250,000 home is $25,000-$37,500. As we’ve seen, the average cost of repair is significantly lower than that. Make the right deal and you can save a nice chunk of change. Another thing to consider is that some buyers will get nervous just knowing the house had issues in the past. You might be comfortable buying the home and doing the work, but you may have trouble getting full value from it when it’s time to sell.
We design world class Solutions for our customers. However, these Solutions still need to be looked at and verified by an engineer. We hire third-party engineers who are independent from our firm. Their professional confirmation helps to put your mind at ease and insures that our foundation repair solutions are appropriate for your home’s unique circumstances, whether it’s situated in Colorado Springs, Pueblo, or Denver.
These inspections should be conducted both inside the home (within the basement) and along all exterior surfaces of the foundation. In order to make absolutely sure your foundation is in the best possible condition, a professional should be the one to conduct the investigation of your foundation and assess the situation. By hiring a professional you are guaranteed a thorough investigation of your foundation. A professional has comprehensive knowledge of what your home foundation repair needs. They will not only fix the problem but give your home a stronger support system.
A big benefit of completing this kind of repair is that it might save your foundation from needing further work done. Plus, a French drain is an accessible DIY solution. Not to mention the biggest benefit of all – the cost. The materials for a French drain system are inexpensive in comparison to some major home foundation repair costs. So is the cost to repair my foundation going to be outrageous? According to HomeAdvisor it will cost the average homeowner about $3700 to repair their foundation. In fact, they estimate a foundation repair can cost anywhere from $1200 to just over $7000. Ouch. After hearing numbers like that you might be tempted to do everything yourself! As you already know there are plenty of foundation repairs you can do, so what might those repairs cost? For a small crack, using something like a concrete caulking could be as inexpensive as $10, or thereabouts, for a tube. See more info on Foundation repair Colorado.