Repairing Cracked Foundations – Should You Repair Before Putting Your Home on the Market?
Are you considering selling your home? Real estate increases in value over time. However, this doesn’t automatically mean that you will get market value or better for your home. There are several factors that affect the value of your home. Many of these factors are within your control. You should therefore do all that you can to ensure you get the best price for your home when you do decide to sell.
Cracked foundations and your home’s value
One of the factors that affect the value of your home is the condition of its foundation. Foundation cracks are often one of the first signs of foundation problems. A damaged foundation can result in issues in various other parts of the home. For example, doors and windows may not close properly or may stick and floors may be uneven. Cracks may also develop in the walls in the upper levels.
Potential buyers will consider the cost of repairing cracked foundations as they determine whether to purchase a home with a cracked foundation. The cracks could be an indication of serious structural problems that could cost thousands of dollars to repair. This is a cost that the future buyer would have to bear. Any buyer that makes an offer on your house will factor in this cost. You can therefore expect offers that are far below your asking price.
Is repairing cracked foundations before selling better for homeowners?
It is important to note that serious buyers often have properties inspected before they make an offer. It will therefore be in your best interests to disclose that the foundation is damaged. However, if you invest in the repair of the foundation prior to putting the house on the market, you won’t have to disclose the damage as you will have already dealt with the problem.
Repairing cracked foundations before placing homes on the market is the best way to get great value for your home. Repairing the cracks sooner rather than later will save you a lot of money. This is money you will recoup in the sale of your property. Repairing the foundation will also help you to sell your property faster and at a higher value than if you didn’t do anything about the cracked foundation.
If you’re planning to sell your home and notice cracks in your foundation, be sure to get in touch with a professional contractor to have your foundation repaired.
John Fahmy, President of Everdry of North Georgia / Atlanta region started at Everdry’s corporate headquarters (Ohio State Waterproofing) in 1991 as a part time customer service rep.
While working part time, John pursued his Bachelors degree in Marketing and Business Management at Cleveland State University. It was John’s mission to become the best in this industry after seeing his grandparents get scammed by a fly by night waterproofing contractor, and lose lots of money, that was not there anymore when they needed service. After only one year, John was promoted to Customer Service Manager.
After a total of 8 years in the Customer Service Department, John branched out, holding his Customer Service Manager position, while taking on new responsibilities as Assistant Marketing Director and becoming an EZ Breathe Sales rep.
In 2003, John was named Director of Shows, a job that gave him the opportunity to work directly with all of the national Everdry franchise locations nationwide, providing each office with support for their marketing efforts at trade shows.
In 2004, after 13 years with the company, John and his wife Connie took on a new challenge and took over the North Georgia / Atlanta Everdry franchise. Our goal is to provide a healthy and safe living environment in homes for the families in the North Georgia / Atlanta region.