Can foundation problems devalue my home?

When you are looking to sell your home, you want it to get a high valuation and make money back from the sale. However, our homes can be devalued by the condition of our foundations.

Both the indoors and outdoors of our homes can go through a lot of wear and tear that can slowly build up and cause damage to the foundations of the house. In turn, this can devalue your home up typically up to 15% dependant on the damage type!

Common foundation issues that affect the value of the home can include sagging ceilings, uneven ground and cracks the brick exterior.

Selling a house with foundation problems can also turn away potential buyers.

First impressions matter more than even when viewing a house for the first time and if your prospective buyers see your home with sagging ceilings, cracks in the walls and doors that don’t shut properly, it can turn them away immediately.

The state of the housing market also needs to be taken into consideration. If you are selling at a peak time in housing sales, your valuation will much likely decrease further and you will have to lower the asking price of your home.

If you would like a fast, high-value sale, we would suggest working with a foundation contractor on these issues before putting your house on the market to ensure you get a true valuation.

If you are looking from an estimated cost of the work you need completing, please get in touch with our skilled foundation repairs team today!