When it comes to value of your home, no one wants to think that their home is worth less than any other comparable home on the market. There are several things that go into what a home is worth and one of them is the foundation. If there are cracks in your foundation or it is compromised in any way, you are going to see a decline in the value of your home. The foundation is one of the most, if not THE, most important part of your home. JMark Inspections is here to talk about how a cracked or compromised foundation can affect your home’s value.
What Causes a Foundation to Crack?
There are several things that can cause a foundation to crack. However, there are some that are more common than others. Following are some of the most common causes.
– Moisture (excessive or lacking)
– Water damage
– Changes in soil
– Concrete shrinkage
Does a Foundation Problem Affect Home Value?
As mentioned above, there are several reasons that a foundation experiences cracks or damage. The effect on your home value will depend on the damage that is done to the foundation. There are some factors that play a role in what it will do to your home value.
– Cost of Foundation Repair: Any way you cut the cake, if your home has foundation problems, it is going to need to be fixed. If you don’t fix it yourself, the buyer is going to have to cover the cost to repair it. The cost to repair it will depend on what type of foundation you have and what type of repair you are going to need. If the damage is extensive, that can have an impact on the price as well. Usually, the cost to repair it is worth it for sellers because they can ask significantly more for a home that has been repaired than they would be able to if they leave that up to the buyer.
– Curb Appeal: Most curb appeal problems have to do with foundation issues. If there are any cracks or damage to the outside of your home, it is going to have an impact on the value of your home. It can make it more difficult to sell your home when there are curb appeal issues that stem from foundation problems. You may find that you have to sell your home at a lower price and that the home stays on the market for a longer period of time.
Home & Commercial Property Inspector Services in Pasadena, Pearland, League City, Sugar Land, The Woodlands, Conroe, Friendswood & Greater Houston, Texas
If you are buying or selling a home, you need to know that the foundation, as well as every other area of the home, is in good condition. That’s why you need to call on the professionals at JMark Inspections to handle your home inspection. We will give the home a thorough inspection that uncovers any hidden issues. Call us today!