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Omaha, NE
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Chicago, IL
Posts: 9501
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 Foundation Cracks & Impact on Home Value
[#2] Posted: 08/07/2012 - 8:37:07 PM |  |  |
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Value is established by multitudes of variables, not a single condition. Many things that effect value have nothing to do with physical condition.
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Kurt in Chicago
"If I smell it, it goes in the report".............Phillip Smith...2012
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Victoria, British Columbia
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Foundation Cracks & Impact on Home Value
[#3] Posted: 08/07/2012 - 8:51:01 PM | | |
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I would keep all the paperwork to show the repair was done.
Then I would seal the cracks with a tube of concrete caulking compound. Shop for the right stuff that has a silicone and concrete base.
I sealed up a crack in my foundation 4 years ago. It is still sealed, so we know there is no problem, no movement.
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Lafayette, Louisiana
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Foundation Cracks & Impact on Home Value
[#4] Posted: 08/08/2012 - 11:09:04 AM | | |
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That's a better question for an appraiser than a home inspector.
Marc
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"If Guam gets too overpopulated, it might tip over."
Congressman Hank Johnson (D) GA |
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Bullville, New York
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Foundation Cracks & Impact on Home Value
[#5] Posted: 10/05/2012 - 04:30:20 AM | | |
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Foundation cracks can minimize the value of your house even it can lead to serious danger. Check the inner walls and determine the source of leaks and water seepage, especially where walls meet the floor.
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DeWitt, Mi
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Kenmore, WA
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Foundation Cracks & Impact on Home Value
[#7] Posted: 10/05/2012 - 06:43:27 AM | | |
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I don't know why a crack would have an impact on value unless the buyer can prove that the crack is an ongoing issue that will continually need to be addressed.
Think of the house the way that you think about your car. If you crack a cylinder head and have it replaced and your engine is running fine and as good as new (better in some cases), would a dealer be right to offer you less than the fair trade-in price against a new car, just because you once had to do a repair? The answer - only if the issue isn't fixed and the dealer knows he's going to have to sink more money into the car to get it up to market value.
I've seen a lot of pinned foundations, underpinned foundations and lots of mud-jacked foundations. Each needs to be looked at in terms of the seriousness of the crack, degree of damage done to the house (if it's evident) and whether or not the repair looks like it's been done professionally and adequately. Sometimes I can know at a glance; sometimes I have to punt it to an engineer to bless or diss as the engineer sees fit. If an engineer disses the repair, the buyer's focus usually turns to getting the work done again or reinforced in such a way that value is maintained and will still be there when he/she goes to sell years from now.
ONE TEAM - ONE FIGHT!!!
Mike
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Olathe, KS
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Bullville, New York
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Foundation Cracks & Impact on Home Value
[#9] Posted: 10/08/2012 - 02:51:58 AM | | |
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Foundation cracks can pose several damages to the house. It does not decreases the value of house but pose dangers to the health of family members. Cracks can cause flooding and water leakage in the various parts of the house. Moisture can lead to the growth of mold and mildew which can spread various allergies and infections in house.
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