BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Floor Leveling and Lifting for BRRRR
Hi Everyone,
Currently working through a BRRRR and wanted to get your thoughts on whether I should invest in floor leveling and lifting? My GC is recommending it to be thorough but it is costly. Would love to know your experiences and thoughts.
Thank you!
@Nam Pham - Could you provide more details on how off the leveling is? Is it parts of the floor or the entire floor? How old in the building? Is it settling over time? I've had my contractor pour a leveling liquid over sections of floor and then run LVP or carpet overtop to correct for a few inches (1-3 inches) in drop in a room or two. It sounds like any lifting and/or adjusting to beams would be expensive. To me, this is a cost that won't "add value" to your BRRRR, so I would more strongly consider how much it might impact your ability to rent the unit/house. Good Luck!
Quote from @Nam Pham:
Hi Everyone,
Currently working through a BRRRR and wanted to get your thoughts on whether I should invest in floor leveling and lifting? My GC is recommending it to be thorough but it is costly. Would love to know your experiences and thoughts.
Thank you!
@Nam Pham Assume likely an older property on a pier and beam foundation, as compared to a slab foundation?
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Lender Alabama (#69841), Virginia (#MLO-35815VA), Texas (#323441), Pennsylvania (#64778), Oregon (#323441), Louisiana (#323411), Iowa (#31166), Georgia (#55988), Florida (#LO40080), and Colorado (#100506224)
Quote from @Jay Hurst:
Quote from @Nam Pham:
Hi Everyone,
Currently working through a BRRRR and wanted to get your thoughts on whether I should invest in floor leveling and lifting? My GC is recommending it to be thorough but it is costly. Would love to know your experiences and thoughts.
Thank you!
@Nam Pham Assume likely an older property on a pier and beam foundation, as compared to a slab foundation?
Quote from @Nam Pham:
Quote from @Jay Hurst:
Quote from @Nam Pham:
Hi Everyone,
Currently working through a BRRRR and wanted to get your thoughts on whether I should invest in floor leveling and lifting? My GC is recommending it to be thorough but it is costly. Would love to know your experiences and thoughts.
Thank you!
@Nam Pham Assume likely an older property on a pier and beam foundation, as compared to a slab foundation?
the 70's is much later then I expected you to say for a pier and beam in Texas. But, nonetheless, pier and beam is typically not terrible expensive to level (compared to slab foundation). Get a few quotes. and if you do not do it, when you go to refinance into a long term loan the appraiser will likely mark the report as "subject to" a structural engineer report of the foundation. and you will not be able to refi until you have done the work that is required.
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Lender Alabama (#69841), Virginia (#MLO-35815VA), Texas (#323441), Pennsylvania (#64778), Oregon (#323441), Louisiana (#323411), Iowa (#31166), Georgia (#55988), Florida (#LO40080), and Colorado (#100506224)