If potential home buyers walk into a basement with mold, water spots, or cracks in the walls and foundation, it’s likely they will cross that home off their list or decrease their offer by thousands of dollars. Why? They know moisture and cracks indicate bigger problems — and addressing those problems will cost money.
Many potential homeowners take out loans to finance their purchases, and in the U.S., the majority of financial institutions require home inspections prior to issuing mortgages. If you have foundation problems, the inspector will notice, and you will be required to tell the buyer, who then might opt out.
Even if you’re not planning to sell your home, anyone who might inherit it could choose to sell it. If you want them to get the maximum resale amount, a good foundation is important. You also want to live in a safe environment now, so getting your damaged foundation and walls fixed is a smart idea.
Foundation issues can result in more than just shallow cracks; it can affect windows, structural support all the way up to the roof, whether your house is level, and more. Most foundation issues can be traced back to water leakage and pressure.
When soil becomes saturated with water, it expands and shifts, applying pressure to the outer walls of the foundation. It can seep through porous concrete, crack or bow walls, and in extreme cases, shift the house. No one wants to live in a tilted house.
Once water makes its way in, you could end up with something as major as flooding, or as minor as extra moisture in the air. You might think a little excess water in the air isn’t a big deal, but it creates a perfect breeding ground for mold and can warp wood furniture. If you have mold in your basement, not only can it be unhealthy for some residents, but it also means you need to hire a mold remediator to ensure the mold is removed safely.
Many home buyers make snap decisions based on what they first see when they approach a home in which they are interested. Unless the buyer is looking for a home to renovate and resell, a house that looks less than perfect on the outside could turn him or her away.
What does this have to do with your foundation? It’s not just inside cracks that indicate problems. Cracks also can manifest themselves on the outside of the foundation walls. Visible cracks running down the part of the home that is supposed to keep it standing will not inspire confidence in buyers. This means more than just cosmetic problems.
If the house looks off-kilter, any windows are cracked, or the front door frame sags, a knowledgeable potential buyer will keep walking — right past your home.
If you don’t address foundation issues in a timely manner, you’ll likely be looking at major repairs later. You’re also looking at a possible energy-efficiency loss in your home. Door jambs and window frame gaps can get bigger, increasing airflow between the inside and outside of the house. This means that in warmer months your air-conditioned air will be going outside while your heated air will do the same in during the colder months, which results in higher energy-use costs.
Acculevel Specializes in Foundation Repair
Are you planning to sell your home but have a foundation that needs repairs? Is water getting into your basement? Give the foundation experts at Acculevel a call. Since 1996, we have specialized in basement and foundation repair, including repairing cracks and bowed walls. We also are certified mold remediators. If your repair needs have gone beyond minor, we can lift the entire foundation. If you live in the Midwest and would like an estimate on repairs, call us at 866-669-3349 or email us at [email protected].