Currently, Synchrony offers low monthly payments and many financing options. You can have your home repaired now and pay later with one of Synchrony's six monthly payment programs.
If you know your home has foundation issues, but you’re on the brink of selling, what should you do? For some, the answer is simple: sell the home as-is. But if you’ve noticed somesigns of foundation problems, potential homebuyers and home inspectors will most likely observe those issues as well. It is for this reason that trying to sell your home as-is can be quite challenging. Furthermore, foundation damage is one of the problems known to deter potential buyers and significantly reduce the sale price. To help you make the best decision possible, here are a few things you should consider before listing your Houston home for sale.
Fixing Your Houston Home’s Foundation before Selling is Usually Best
When trying to sell a home, there are a few reasons that fixing the foundation is usually the best decision. First and foremost, it will be very difficult to find a buyer willing to pay the full market price if an inspection turns up foundation damage. Furthermore, if the appraisal shows serious foundation problems, the lender may revoke the pre-approval and deny a new loan application until all the conditions are met.
Another aspect worth mentioning is that once a bad appraisal is on the records, it can take more than six months to have a fresh appraisal done and bring the home back up to its market value. Even if the damage is not significant, most homebuyers will not stick around to find out. At the first signs of foundation damage, they will exit your home and never look back. So, fixing foundation issuesup front is a really good way to get the highest number of fully qualified buyers bidding on your home and ensure smooth sailing through the appraisal process.
If you’re unsure whether or not your foundation needs to be repaired, the best thing to do is call in a foundation repair specialistand have a complimentary foundation assessment done. In the worst-case scenario, the foundation may require extensive repairs. In the best case, the damage is minor and will only cost a few hundred dollars to fix.
When to Sell Your Houston Home As-Is
For some Houston homeowners, the prospect of doing a major foundation repair is simply too costly. In fact, many homeowners feel somehow forced to sell their homes when foundation damage becomes a hazard—so, it’s no longer safe to live in the house—but they also can’t afford to have it fixed right away. In those cases, an as-is sale is better than nothing at all. Of course, many investors will swoop in trying to pick the house up for rock bottom pricesso they can flip it for a profit. In other cases, buyers may ask for a concession to offset the repair costs. That might be a good resolution if you want to get the most for your home but you don’t have the cash to pay for the repair immediately. Assuming that a buyer is interested in negotiating over the priceto include the repair, it’s best if you have already had the foundation damage assessed by two or three companies. Coming to the table with quotes in hand will allow you to make a fair deal without giving up too much.
As mentioned above, if an appraisal or inspection mentions foundation damage, you may find that lenders do not want to provide lending for your home. In that case, the price you set will need to reflect that only cash buyers will be able to come to the table. For what it’s worth, if you find yourself in a sticky situation with budget concerns and a need to move, it is definitely possible to sell your home as-is. Just be prepared to take a slightly lower price for it and make sure you have accurate estimates on the repair cost from Allied Foundationso you can make the best negotiations possible.
However, fixing foundation damage before it reaches the point of disaster remains one of the most effective strategies for selling your Houston home for more money. The good news is that we make available several financing optionsthat offer some really convenient payment plans for homeowners who want to repair their homes’ foundations but cannot afford the costs. To discuss the financing alternatives that may be available or to require a free foundation inspection and estimate, feel free to get in touch with one of our representatives today!
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Do I call a foundation repair company if my house is leaning?
If your house is leaning, it’s crucial to call a foundation repair company. A leaning structure often indicates serious foundation issues that require immediate assessment and repairs to ensure your home’s safety and stability.
Are foundation repairs covered by insurance?
Foundation repairs may or may not be covered by insurance, depending on your specific policy and the cause of the damage. It's essential to check your homeowner's insurance policy or consult your insurance provider for clarification.
Can a foundation always be fixed?
Foundations can often be repaired; however, the specific circumstances and extent of damage will determine the feasibility and cost of repairs. Consulting a professional is essential for a thorough assessment to explore viable solutions.
Do foundation cracks need repair?
Foundation cracks need repair to prevent further damage to your home. Ignoring them can lead to structural issues, water intrusion, and costly repairs down the line. Addressing cracks early ensures your foundation remains stable and safe.
Can foundation cracks be repaired?
Foundation cracks can be repaired effectively. Various methods, such as epoxy injections and piering, are used to restore structural integrity and prevent further damage. Timely repairs are essential to protect your home and maintain its value.
Are foundation repairs tax deductible?
Foundation repairs may be tax deductible if they are necessary for maintaining the property or if they improve the value of your home. It's advisable to consult a tax professional to understand your specific eligibility and requirements.
Does foundation repair decrease home value?
Foundation repair does not decrease home value; in fact, addressing foundation issues proactively can enhance property value and attract potential buyers by ensuring a stable and safe living environment.
Are foundation repairs expensive?
Foundation repairs can be costly, but the expense is often necessary to prevent further damage to your home. The total cost will depend on the severity of the issues and the methods required for repair.
Are contractors needed to repair foundation?
Contractors are essential for repairing a foundation, as they have the expertise and tools necessary to accurately assess the damage and implement appropriate solutions. Professional contractors ensure the repairs are effective and comply with local codes.
Are foundation repairs permanent?
Foundation repairs are designed to be permanent solutions. When properly executed by experienced professionals, these repairs effectively address underlying issues and help maintain the structural integrity of your home over time.
Can foundation repair cause more damage?
Foundation repair can potentially cause more damage if not performed correctly. However, when carried out by qualified professionals, the process is designed to stabilize and protect your home's structure, minimizing any risks of additional issues.
Can foundation be repaired?
The foundation can indeed be repaired. Experienced professionals can assess the issues and implement effective solutions to restore stability and prevent further damage, ensuring the safety and longevity of your home.
Are foundation repairs worth it?
The worth of foundation repairs is significant, as they prevent further structural damage, enhance property value, and ensure the safety of your home. Investing in repairs can save you money in the long run by addressing issues early on.
Are foundation repairs covered by home insurance?
Foundation repairs may be covered by home insurance, but this depends on the cause of the damage and your specific policy. It's essential to review your coverage details and consult with your insurance provider for clarity.
Are foundation repairs covered by homeowners insurance?
Foundation repairs may or may not be covered by homeowners insurance, depending on the cause of the damage. If the foundation issues arise from a covered peril, such as a natural disaster, they are likely to be included in your policy.
Do foundation repairs last?
Foundation repairs can last for many years when performed by professionals, provided that underlying issues are properly addressed and maintained. Regular inspections and maintenance can further ensure the longevity of your foundation repairs.
Does foundation repair increase home value?
Foundation repair can increase home value by addressing structural issues that may deter potential buyers. A stable foundation is essential for safety and market appeal, making it a worthwhile investment for homeowners.
Do foundation repair companies fix leaks?
Foundation repair companies often address leaks as part of their services. They can identify the source of water intrusion and implement solutions to repair foundational issues, preventing further leaks and damage.
What signs indicate foundation issues?
Signs indicating foundation issues include cracks in walls or floors, doors and windows that stick, uneven or sloped floors, gaps around windows and doors, and water pooling near the foundation. Addressing these signs promptly can prevent further damage.
How long do foundation repairs take?
The duration of foundation repairs varies based on the severity of the issues and the methods used. Typically, repairs can take anywhere from a few days to several weeks to complete.
Can DIY methods fix foundation problems?
DIY methods may provide temporary relief for minor foundation issues, but they often lack the effectiveness and durability of professional repairs. For significant problems, it’s best to consult experts to ensure long-lasting solutions.
What causes foundation cracks to develop?
Foundation cracks develop due to various factors, including soil movement, insufficient drainage, and extreme weather conditions. These elements can exert pressure on the foundation, leading to cracks that compromise the structural integrity of a home.
Are structural engineers involved in foundation repairs?
Structural engineers are indeed involved in foundation repairs, as they assess structural integrity, recommend appropriate solutions, and ensure compliance with safety standards during the repair process.
What is the cost range for foundation repairs?
The cost range for foundation repairs varies significantly based on factors such as the type and extent of damage, ranging from $2,000 to $7,000 on average. For specific estimates, it’s best to schedule an assessment.
How can I prevent future foundation issues?
Preventing future foundation issues involves maintaining proper drainage around your home, ensuring gutters are clean, and grading the soil to direct water away from the foundation. Regular inspections and addressing minor repairs promptly can also help avoid major problems.
What techniques are used in foundation lifting?
The techniques used in foundation lifting include slab jacking, piering, and foam injection. These methods effectively raise and stabilize the foundation by addressing the underlying soil issues and providing the necessary support.
Is financing available for foundation repairs?
Financing is available for foundation repairs. At Allied Foundation Repair, we offer various financing options to help homeowners manage the cost of essential foundation services.
What documents are needed for foundation repair estimates?
The documents needed for foundation repair estimates typically include the property deed, any previous inspection reports, photographs of visible issues, and structural plans if available. These help ensure an accurate assessment of the foundation's condition.
How often should foundation inspections occur?
Foundation inspections should occur at least once a year, or more frequently if you notice signs of foundation issues, such as cracks in walls or uneven floors. Regular assessments help prevent severe damage and costly repairs.
What warranties are offered on foundation repairs?
The warranties offered on foundation repairs typically include both a workmanship warranty and a material warranty, ensuring long-term protection for homeowners against defects or issues that may arise post-repair.
