Does Foundation Repair Affect Home Value?

Expert foundation repair can be a major investment of time and money. It’s important to consider all the factors before making the decision to move forward on a project.

In a previous article, we answered the question, “Can you live in a house during foundation repair?” Today, we’re tackling a different topic: can foundation repair affect the value of your home? The answer depends on a few key things. Read on to find out.

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Does Foundation Repair Affect the Value of a Home?

cracked brick foundation - stair step crack

Foundation repair can significantly impact a home’s value, both positively and negatively. Addressing foundation issues ensures the structural integrity of the house, making it safer and more stable. Potential buyers are often wary of homes with unresolved foundation problems due to the high cost and complexity of repairs.

Conversely, the need for foundation repair can sometimes signal a red flag to buyers, even if the repairs have been completed. Some buyers might worry about the underlying causes of the damage and whether other hidden issues might exist. Additionally, the quality of the repair work plays a crucial role; if the repairs are not done correctly, it can lead to future problems and potentially lower the home’s value.

How Should I List a Home with Foundation Repairs?

When listing a home that has had foundation repairs done, it’s important to be transparent and upfront about the work completed. Highlight the repairs as a positive aspect, emphasizing the stability and long-term durability they bring to the property. For example, if you had to treat settlement with foundation piers, make sure to stress the benefits of a sturdy foundation.

Provide documentation of the repairs, including details about the work performed, the company that completed it, and any warranties or guarantees. This transparency can build trust with potential buyers and reassure them that the home has been professionally maintained, potentially increasing its appeal and value.

What to Know Next

Even if you’re planning to sell your home, making sure your foundation is safe and stable is crucial. It helps you maximize your home’s value, offering the best possible return on your investment.

If you suspect your home needs foundation repair, contact Groundworks today for a free inspection and foundation repair estimate.

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Resources

When Is a Foundation Beyond Repair?: Replace Vs. Repair

Slab Foundations in Canada: Are They a Good Choice?

How Can a Dry Alberta Summer Affect My Foundation?

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Brian Keating

Cory came to my house, thoroughly evaluated the situation, explained the options to me, and patiently answered all of my questions. He is amazing. There was a crack in my basement wall that needed to be repaired. Paul (I think) did a good and clean Job. The repair was scheduled and completed exactly as was described to me. Great team! I’d definitely recommend this company to others.

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Excellent service. Sales was pleasant and quote was thorough enough to proceed. The crew that came out to excavate, and install the interior and exterior basement systems was absolutely top notch – their work was neat and tidy, they showed up on time, and worked hard. To top it off, they (and all the folks involved) have to be the most pleasant contractors I’ve ever dealt with – and this is house #5 for us over the years! Thank you, Basement Authority. Highly recommend.

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Holly Richards-Purpura

Content Writer

Holly is a Content Writer for Groundworks who has written and edited web content for the foundation services industry for almost 10 years. With a background in journalism, her passion for the written word runs deep. Holly lives in Columbus, OH, with her husband. Along with educating homeowners, she also has a big heart for the Big Apple.