Updated about 5 years ago on . Most recent reply
Water in basement? Please advice on pictures
Considering buying this SFR in Indianapolis that was built in 1920, for a buy and hold rental. The numbers run well, but I'm just not sure about the property condition - there are some signs of water in the basement, and I'm not sure it that's a small fixable problem or a major foundation issue. I'm attaching some pictures, would someone experienced give an opinion? (Last picture is some concrete chunks falling off the foundation, not sure if that's related or indicates some other problem?)
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@Gil Keren I can't tell where the intrusion is happening but 99% of all water intrusion is due to poor drainage--either lack of working gutters and downspouts or improper grading of the soil around the foundation or both, I would have a foundation contractor look at it, especially considering it's age.