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Updated over 2 years ago on . Most recent reply

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Cole Allen
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First property… foundation issue?

Cole Allen
Posted

Found a great deal but I did notice a crack in one of the walls probably 20-30 inches long and a spot where it looks like there may have been a leak at some point. Automatic red flags? Or how could I determine if it’s not a huge deal. 

Thanks for any hekp 

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Kenneth Garrett
  • Investor
  • Florida Panhandle/Illinois
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Kenneth Garrett
  • Investor
  • Florida Panhandle/Illinois
Replied

@Cole Allen

A crack in a foundation wall is very common.  You need to access whether it’s causing a water problem.  I am assuming the rest of the wall is exposed and not covered by drywall.  A leak can be fixed by a water proofing company.  The cost can very depending on the extent of the leak and putting in a drain tile system.  It could be as simple as cleaning the crack and applying epoxy to the crack.  That is probably under $1000.  If you hire a company to put in a full system it could cost around $5000.  It really depends.  It’s not a very big crack.  I would be more concerned if it were offset where it’s a structural issue.  Sounds minor provided there aren’t multiple spots.

  • Kenneth Garrett
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