Hello folks,
Any thoughts on buying a property with sloped floors? House is 50 years old (common in the bay area) and has visible sloping in the floors. Seller has included a foundation report (reviewed and fix proposed by a structural engineer) and the cost of fixing is quoted as 20k. We essentially need to stabilize the foundation where piers are installed. We are okay with the cost for fixing as the house needs significant remodel anyway but worried about foundation issue alone (if this will be a recurring problem, etc). Realtor thinks this is common for older homes and can be fixed in a number of ways (via settling compound, etc) WWYD? Deal breaker?
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comments
Foundation issues which are quoted as upwards of 15-20k can easily go to 50k+ when they actually start working on it
Foundation issues are the worst. Ask why do u see that..in my case it was because of clay soil and the problem can go away only of the piers went down all the way to the rock .
Ask for guarantee from the foundation company for free repair if the problem comes back next season. If they don't, might be an issue .
But also get a few quotes and inspection from other inspectors
@pol$: I used to think and say the exact thing but Market realities are that even south San Jose is easily 2-2.5M :(
But I heard plumbing fixes in slab foundations are super hard..Is that true ?