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Updated over 1 year ago,
Foundation Issues Make or Break
Morning BP Community. Looking at a potential live in flip with a ton of upside but the detached Garage has some foundation issues and I've only dealt with basement issues in the past. Was hoping to see if any more experienced flippers had first impressions on if the foundation is salvageable which could make or break the renovation budget. I am meeting a local contractor this week and hoping for advice from the community as well.
The garage sits on a small hill and the raised foundation is bulging outwards on 3 sides causing the interior floor to split along the edges of the pad. The siding needs replaced, not reflective of the new vinyl on the house, but the mostly exposed framing still looks solid. Anyone have any rough ideas on pricing for a repair or is this a knock down and start over kind of job? I can incorporate about 20K into the loan for the garage but would love to get out less then 10K but not sure what options there are here.
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