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Is house with poor foundation worth repairing?

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Posted by: from London
1/31/2016 at 12:53:41 PM

Looking at purchasing an older country home around 100 years old. Love the location and character but was told foundation needs work. The house is priced high and I'm wondering if its worth investing if the repair cost would be very high?

REPLIES (5)
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Date/Time1/31/2016 at 1:04:13 PM

It depends on the extent of the foundation problems.

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Daryl from Ridgewater Homes Ltd in Delta
Date/Time1/31/2016 at 2:00:34 PM

We do a lot of these. From moving to lifting houses to give them bigger basements. Having a love for a heritage house is great, but it all depends on what you want.

Daryl

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Date/Time1/31/2016 at 2:07:08 PM

Hi Shawna,

If you can, take a bunch of pictures inside, outside, overall, and close up and show them to a few foundation companies. Hopefully they can give you a ballpark estimate and you can use it to negotiate the price. Anything can be fixed, it's just whether the benefits outweigh the costs.

Good luck with it!

Jim Kuzma

Kettleby Handyman

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Date/Time1/31/2016 at 3:30:54 PM

It's all relative. Find out how much the repair will be and then you will know if it is the right one for you. Is it priced high fairly?

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Date/Time2/2/2016 at 12:56:54 PM

Hi Shawna,

As the previous colleges mentioned is all depend on how much work would be involved. Meanwhile it is always not worth it to invest for such high priced old home that needs more work in the foundation and of course needs more work to renovate the house from the inside too.

Regards,

Mike

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