Rehabbing & House Flipping
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 3 years ago, 04/19/2021
Foundation issues
Hi BP community. I have a contract to purchase a SFR in Canton Ohio that has a foundation issue. The foundation has sunk a little causing the floors in the home to slope a little. We have estimates for repair work that will install helical piers every 5 feet to reach solid bedrock and support the home to prevent further issues. I will also have the home raised back to normal level. So my question is, after the repair work is done and I resell the property, will this have a negative impact on sales price? If so, how much should I adjust?