Something that we find a lot of clients are worried about when considering options to fix their foundation is whether it is going to affect the resale value of their home. This is a reasonable fear and usually stems from the assumption that if they have any repairs done it will be like a red flag to any potential buyers who may then try to use it to negotiate a lower offer.
In any event, a homeowner must disclose any existing issues and repairs that were completed as a result. However, if the repairs were done properly and by a reputable contractor then in most cases they will have no affect on the value of the home at all. In fact, by repairing the existing issues prior to the sale of your home you are preventing an opportunity for the potential buyer to use the issues as a negotiation tactic and in turn preserving your homes value.
There are a few steps that you can take in order to ensure you are doing everything you can to protect your homes value, most of which is carefully selecting the right contractor for the work.
For more information on properly selecting a contractor, check out our helpful guide with questions you should be asking before signing on the dotted line. We also have a printable checklist to keep handy.
We offer foundation inspections and repairs in Alberta and BC. We have offices in Edmonton and Vancouver.
(After a record-breaking rainfall in July 2012 and days before we were leaving on vacation, we returned home and) found that our basement was flooded….
It’s no surprise that repairing a home’s foundation and all that comes with the project would be a stressful, messy and unpredicatable job. Kevin and …
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