From: Style Stages & Sold
Take a closer look at the home’s foundation before buying, says Matt Stock, president of U.S. Waterproofing, based in the Chicago area. An undisclosed structural foundation repair could leave a new buyer facing a price tag of $20,000 or more. “We’ve seen foundations sink 8 inches,” says Stock. “That was a $150,000 repair for the homeowner.”
Stock offers the following tips on how to detect foundation issues on your own and when to call in an inspector for further investigation:
- Does it smell like mold or mildew? A foundation leak could be the cause.
- Look for cracks in outside foundation outside and cracks in brickwork. Do you notice a leaning or tilting chimney?
- Investigate the driveway and garage door too as well as the concrete patios looking for cracks as well.
- In the basement, are there signs of water damage (e.g. peeling paint; chalky deposits left after water dries)?
- Do doors or windows stick when opening/shutting? That is a tell tale sign of foundation damage.
If you suspect any issues, be sure to have a licensed home inspector do a thorough inspection of the foundation.
“The last thing we want people to go through is a surprise $30,000 foundation repair charge upon moving into their dream home,” Stock says.
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