If you are thinking about buying a fixer-upper to fix up and sell, or if you have recently done so, you might be worried about the condition of the home's foundation. In many cases, foundation repair is an important part of flipping a house. These are a few tips that can guide you when you're going through this process.
Have the Home's Foundation Checked Out First
If you have not yet purchased the home that you will be flipping and selling, it is important for you to think about foundation damage when looking for a home to buy. Sometimes, foundation damage is not overly obvious, but it can be a serious problem. It is always a good idea to have the foundation checked out before purchasing any fixer-upper. Then, you can get an idea of any work that needs to be done and how much it will cost.
Understand the Importance of Foundation Repair
If you are thinking about skipping foundation repair when fixing up a home and putting it back on the market, particularly if the damage seems to be pretty minor, then you might want to reconsider this decision. If you have the house appraised, you will probably find that its value will be seriously impacted. The foundation damage will probably be pointed out during a home inspection if a potential buyer has one done. Potential buyers might also be concerned about buying a home that has foundation damage. You might find that it is important to have foundation damage addressed and repaired if you want to sell the house as easily as possible and if you want to get as much as possible for it.
Have Foundation Repair Done First
When you are flipping a home, it is important to schedule things properly. This can help you do the most efficient work when getting a fixer-upper in good enough condition to put on the market. When you are determining what order you should get work done in, you should think about having foundation repair done first. While the home is being jacked up and the foundation is being worked on, other contractors probably will not be able to do their jobs. Plus, if you paint, install new flooring or make other improvements to the house before having foundation repair done, those improvements could be affected during the foundation repair process. By having foundation repair done first, you can help prevent issues like newly installed tile from cracking.
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