Foundation cracks can cause a number of problems. When buying or selling a house with a cracked foundation, you may worry that the cracks will affect its value.
Cracks do indeed lower the value of a home, but not all to the same extent. Minor cracks may prove negligible, while deeper ones may indicate more serious problems.
In this article, the professionals at Foundation Crack Expert explain how cracks affect the value of a house.
Not all cracks have the same impact
Cracks appear in many different shapes and sizes. Their length, pattern and direction can be used to assess the severity of the situation and its impact on the house’s value.
Not all cracks are indicative of deeper problems. Some may be benign and have very little impact on the property value. It’s best to have the foundation inspected by professionals to determine whether repairs are necessary.
Which types of cracks lower a house’s value?
Diagonal or horizontal cracks may indicate structural problems that will eventually require repairs. The need for repairs reduces the value of the property.
In addition to structural concerns, these types of cracks often lead to other problems that lower the property value. For example, cracks can leave homes vulnerable to water infiltration, which will cause wooden frames and drywall to deteriorate. The resulting humidity can also encourage mould growth.
If you want to buy a house that has a cracked foundation, make sure to determine the type of crack before proceeding with your purchase.
Repairing cracks before selling: a cost-effective choice
A home that needs repair work tends to be less attractive to buyers. Most would rather pay a higher price for a house in good condition and peace of mind.
That being said, some will buy a house with cracks to take advantage of its lower cost. If the cracks are benign, they might not even need to be repaired, making the house a very worthwhile purchase. Whether you’re a buyer or a seller, a foundation crack expert can help you determine what type of crack you’re dealing with.
Doing repair work before putting your house up for sale can help protect your property value and give buyers confidence in the building’s structural integrity.
Economically speaking, it’s worth investing in foundation repair because you will likely make the money back when you sell your house at a higher price. Furthermore, buyers will probably be less hesitant to make an offer.
Protect the value of your home with Foundation Crack Expert
It goes without saying that cracks in a house will lower its value. The impact on the property value will vary depending on the size and type of crack in question.
It’s important to take action to protect the value of your home. The cost of repairs pales in comparison to the value lost when selling a house with cracks. Some people even use the presence of cracks to negotiate a lower price when buying a house.
Contact Foundation Crack Expert today to repair the cracks in your house before selling it. Our team has extensive experience with cracks of all kinds. We will inspect the crack thoroughly and propose solutions that are adapted to your situation.