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BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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User Stats

11
Posts
3
Votes
Nam Pham
  • Vancouver, Canada
3
Votes |
11
Posts

Floor Leveling and Lifting for BRRRR

Nam Pham
  • Vancouver, Canada
Posted

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!

User Stats

431
Posts
292
Votes
Greg Kasmer
  • Rental Property Investor
  • Philadelphia
292
Votes |
431
Posts
Greg Kasmer
  • Rental Property Investor
  • Philadelphia
Replied

@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!

User Stats

1,440
Posts
907
Votes
Jay Hurst
Lender
  • Lender
  • Dallas, TX
907
Votes |
1,440
Posts
Jay Hurst
Lender
  • Lender
  • Dallas, TX
Replied
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?

  • Lender Alabama (#69841), Virginia (#MLO-35815VA), Texas (#323441), Pennsylvania (#64778), Oregon (#323441), Louisiana (#323411), Iowa (#31166), Georgia (#55988), Florida (#LO40080), and Colorado (#100506224)

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User Stats

11
Posts
3
Votes
Nam Pham
  • Vancouver, Canada
3
Votes |
11
Posts
Nam Pham
  • Vancouver, Canada
Replied
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?

Thanks everyone. The building is from the 70s on pier and beam foundation. We're talking about leveling the whole house. I'd say it's liveable but definitely noticeably unleveled. 

User Stats

1,440
Posts
907
Votes
Jay Hurst
Lender
  • Lender
  • Dallas, TX
907
Votes |
1,440
Posts
Jay Hurst
Lender
  • Lender
  • Dallas, TX
Replied
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?

Thanks everyone. The building is from the 70s on pier and beam foundation. We're talking about leveling the whole house. I'd say it's liveable but definitely noticeably unleveled. 

 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. 

  • Lender Alabama (#69841), Virginia (#MLO-35815VA), Texas (#323441), Pennsylvania (#64778), Oregon (#323441), Louisiana (#323411), Iowa (#31166), Georgia (#55988), Florida (#LO40080), and Colorado (#100506224)