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Updated about 3 years ago on . Most recent reply

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Peter Buccowich
  • New to Real Estate
  • Longmont, CO
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Foundation Repair all it's cracked up to be?

Peter Buccowich
  • New to Real Estate
  • Longmont, CO
Posted

First off, sorry for the pun. I recently purchased a property in Fort Worth, TX from a flipper that had some foundation work performed. They placed steel piers all around the foundation, absolutely overhauling it. 

The property comes with a foundation warranty, which covers only the foundation. The inspector pointed out some issues with the house that may suggest that there were foundation issues present including some sloping floors, cracks in exterior walls, or poorer drainage. I felt somewhat comfortable ignoring that because the seller just repaired the foundation, so I would expect that there would be signs of damage, since I knew the foundation was recently in disrepair. 

This leads to my question. Some exterior walls still have major cracks in them. They are not bowed out or seem to be on the verge of collapse. (see below). I know cracks can be scary as a homeowner because they can indicate serious foundation issues. Are cracks by themselves dangerous, or are they scary because they indicate foundation problems? In other words, if the work was already done, should I be concerned? Should a high-quality foundation fix have closed these cracks? I talked to the company that performed the work and they indicated the only work they did on the cracks was putting nonstructural foam in them for aesthetic reasons. Is that standard?

Of course, I plan on talking to a professional about this but was hoping to get some unbiased, educated opinions first. Thank you everyone and hopefully someone reading this can learn from my mistakes :)

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Andrew Postell
#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
  • Lender
  • Fort Worth, TX
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Andrew Postell
#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
  • Lender
  • Fort Worth, TX
Replied

@Peter Buccowich having cracks in your walls is pretty common here.  That does mean that "shifting" has occurred...which will occur on 99% of properties in our area.  The foundation repair is only as good as the warranty. And the warranty is only as good as the company.  Make sure you are following the rules of the warranty (if there are rules/instructions) on how to transfer it.  But for a moment, let's work under the assumption that the foundation is in good condition and within tolerance of being level (usually 1 inch).  You would just fill in these areas appropriately and just repaint if you wanted to.  A masonry working might be a good option but I have seen some homeowners just caulk it and call it a day. 

  • Andrew Postell
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