Got the unfortunate news that we needed to do some foundation repair (piling system) for our house we just purchased last October. Yes, we had an inspection done but the home inspector said he did not believe at the time there were any foundation issues but just that the home had obviously settled over the 20 years. Obviously, this drought has not helped things and more than likely has caused more of this issue than anything. It's a sore subject because I feel as though I have made a poor investment into the home and affected my family's well-being as a result of it.
My question is to those of you in the foundation repair business, mortgage business, or real estate market is does a house that has had proper foundation repair truly effect the long-term market value? I am not looking to sell the home anytime soon, but I would like to think that if I properly handle the situation now that in another 20 years, that I won't be having to undercut myself to downsize. The company we are using has come highly recommended and been in business for over 15 years and yes, we are purchasing the lifetime transferrable warranty for the system.
Thoughts and opinions are appreciated. Thank you.
My question is to those of you in the foundation repair business, mortgage business, or real estate market is does a house that has had proper foundation repair truly effect the long-term market value? I am not looking to sell the home anytime soon, but I would like to think that if I properly handle the situation now that in another 20 years, that I won't be having to undercut myself to downsize. The company we are using has come highly recommended and been in business for over 15 years and yes, we are purchasing the lifetime transferrable warranty for the system.
Thoughts and opinions are appreciated. Thank you.
