Did you find a house that you love, but discovered in the home inspection report that it has foundation problems? Buying a house with foundation issues can be risky, depending on the extent of the damage. But that doesn’t mean it can’t be done! In fact, it can be a great opportunity to save a little money on the purchase price, as long as you make sure to schedule the proper repairs.
Here’s everything you need to know about buying a house that requires residential foundation repair in Starkville MS.
What are Foundation Problems?
During a home inspection, a professional will look at all aspects of the home, from top to bottom. They check for things like mold, mildew, water damage, cracks and foundation problems. Any foundation issues that turn up during the inspection must be disclosed to the buyer.
Some states operate on the principle of caveat emptor which means “buyer beware.” But Mississippi is not one of them. Therefore, any issues with the foundation must be disclosed to the buyer. This is a good thing, as you’ll have the opportunity to negotiate with the seller and get these problems fixed.
It’s important to know that foundation problems are not uncommon and not a sign that the home is unsafe. These issues happen for different reasons such as:
Drainage problems
Soil problems
Bad construction
Old materials found in older homes
Minor vs Major Foundation Problems
It’s also worth pointing out that there are different levels of foundation problems. Some are minor and not too expensive to repair. Minor cracks, for example, can be easily fixed before you close on the home. This will provide you with the peace of mind that you’re investing in a safe property.
However, some issues are more serious and can lead to bigger problems down the road, such as pest infestations, mold and mildew growth and issues with the plumbing and electric. These issues will need to be addressed sooner rather than later. Signs of a bigger problem include large cracks, moisture, gaps and bowing, sinking or sloping.
Whether it’s minor or major damage, we recommend talking with the seller and asking them to fix the damage, or provide you with a credit to do it on your own. Just be sure that you use the money to fix the foundation in a reasonable time.
How Much Does Residential Foundation Repair in Starkville MS Cost?
The cost of foundation repair varies significantly depending on the extent of the damage. Small cracks might only cost a few hundred dollars to repair, but bigger issues can cost tens of thousands of dollars. And, if there is lasting damage, you may need to pay for mold remediation or pest removal services.
Paying for foundation repair is an investment in the longevity of your home. Whether you choose to have the seller handle it or you handle it, it’s important that these issues are addressed. As long as they are, your new home should be perfectly safe for you and your family to live in. To find out how much it will cost to have your home’s foundation repaired, contact Foremost Foundations and Construction today.