How Foundation Repairs Boost Resale Value
Whether you're in the market for a new home or are interested in selling yours, the structural integrity of a foundation plays a direct role in a property's value. Potential repair costs, diminished appearance, and ongoing home health issues are just some of the things that are impacted by foundation damage.
Learn how foundation damage can impact your home and it's overall value!
Potential Repair Costs
Whether your home's foundation has cracks, bowing walls, water intrusion, or other signs of damage, these are red flags to potential buyers of future repairs. Depending on the severity of your home's foundation damage, the costs of repairs will become more substantial. Potential buyers will have to consider this when making an offer.
Many homeowners believe that repairing the foundation before selling can lower the overall property value, but this is simply untrue. As long as potential buyers are aware of past issues and which repairs were made beforehand, you should be able to sell your home without a problem.
Plus, if your repairs came with any transferable warranties, this may be a unique selling point, as it will allow potential
buyers some peace of mind that, if there are future issues, their damages will be covered.
Ugly Interiors & Lowered Curb Appeal
When looking at a home, its appearance can make all the difference in whether a potential buyer stops for an open house or keeps driving. If your home looks presentable, then it is a good indicator that it is also safe. But if they see these visible signs of foundation damage, then they may run for the hills:
- Sagging floors
- Wall & floor cracks
- Sticking windows & doors
- A tilting chimney
- Basement water intrusion
If a potential buyer notices these issues and still decides to make an offer, they will have to factor in the cost of foundation repairs as well as the cost of fixing other home issues.
Catching foundation damage early is always a great way to boost resale value, as potential buyers will know their home will look better much longer with a structurally sound foundation.
If the rest of your home has already been impacted by foundation issues, then repairs will help fix your home's
stability as well as assure potential buyers of its lasting beauty and safety.
Ongoing Home Health Issues
If your home has foundation damage, potential buyers will have to consider how their living experience will be impacted. With sticking windows and doors, basement water intrusion, and cracks in walls and floors, your home's appearance won't be the only negative outcome. These damaged foundation symptoms can go on to affect the overall energy efficiency, safety, and security of the home, causing issues like:
- Increased energy bills
- Damaged appliances
- Mold growth
- Unhealthy indoor air
- Contamination from gray & black water
- Aggravated upper respiratory issues
- And more
Potential buyers are looking for new homes for many reasons. Whether they are growing their family, moving for a job, or looking for a change in scenery, they need a safe place to hang their hat. If your home presents possible safety and security concerns, they may pass on your home or will have to consider it when making an offer.
Contact A Foundation Repair Contractor Today
If your home has foundation damage, contact a foundation repair contractor on HomePro Match today. Whether you need an inspection, potential repairs, or maintenance, they can recommend the services your home needs and help raise its overall security, curb appeal, and value!