A Good Foundation Is A Good Investment
It may not seem like a very a good expenditure for your home, especially if you’re concerned with having a “visible asset” that adds to the value of your home for resale purposes. But you’d be surprised at what having a good foundation can do for the value of your home.
In today’s real estate industry, competition is everywhere, and, depending on the area you live in, you are often only one of many people trying to sell a home. Buyers can afford to be a bit more choosey, especially when they are looking at places that they plan to live in and raise a family. One thing that some buyers prefer to do in order to ensure they are making a wise purchasing decision is have a home inspector conduct an investigation of the home.
A foundation that is in a bad state is going to be immediately noticed and commented upon by any inspector. You can choose to ignore this if you don’t feel it’s important, but many potential home purchasers see this as taking on a problem they don’t want to have. If you’re thinking that someday you may want to sell your home, a foundation in need of repair doesn’t just impact the actual value of your home, it may have a huge impact on the decision of various prospective buyers. In the same way that you wouldn’t want to buy a used car that is documented with a problem that may grow serious, a home buyer doesn’t want to own a home that already needs to be fixed even before they move in.
Getting your foundation repaired is not just good for your home, it is good for the safety of the people that live inside it, and it is ultimately good for raising the sale or investment value of your home. It may not have the same visibility as new, energy efficient windows, or a coat of paint, but it can be a critical element of a home purchasing decision. Make sure your foundation is in good shape before you put your home on the market.