Foundation problems can lead to major structural problems with your home and should not be ignored. Plus, a structurally sound foundation makes for a mould-free home environment that is easier to heat and a more comfortable place to live. If you are planning on selling your home, a bad foundation is a major turn off for home buyers.
7th Generation Stucco and Masonry in Edmonton shares some information on foundation damage, how it can effect your home’s resale value and how they can help find a solution.
What causes a foundation to crack?
A problem with your foundation can occur for many reasons. Usually foundations are surrounded by clay soil which holds water and creates tremendous hydrostatic pressure on the walls. This combined with freezing and thawing creates hairline cracks in the corners or along mortar lines where brick, block or stone join together. Poor soil and land preparation before the foundation was built could cause the foundation to settle causing concrete to crack, floors to slope and trouble shutting windows and doors properly.
Foundation issues can decrease your homes resale value.
Bottom line, a foundation problem will reduce the value of your home; just how much will depend on the severity of the issue. No one wants to purchase a home that could have a leaky basement or worse, potential structural damage. Foundation repairs can be costly, depending on the damage, and is not something home buyers want to deal with when moving into a new place.
An article in Rare Daily reported that current estimates indicate that a home with foundation issues is reduced in value in the range of 10 to 15 percent. For example, a $300,000 home with foundation problems would lost $30,000 to $45,000 in resale value, assuming a buyer is willing to take on the problem and purchase property. That is a major loss!
7th Generation Stucco & Masonry can help with in foundation repair.
Contact 7th Generation Stucco & Masonry today!
