3 Things to Consider When Buying a House with Buckling Floors
Buying a fixer-upper offers the advantage of being able to purchase a home at a lower cost. However, while the upfront costs of a fixer-upper are considerably less than a move-in ready home, there are several other costs to consider including the cost of repairing the house.
Even when purchasing a fixer-upper, there are some signs of damage that you should be on the lookout for. Buckling floors is one such sign. If the home you plan to purchase has buckling floors, there are several things you should consider before deciding whether to buy the house or not.
1. The cause of buckling
Buckling floors can be the result of soil movement, a damaged foundation, trapped moisture, or various other causes. It is important to determine the exact cause of the buckling before you purchase the home. Hire a foundation repair contractor to inspect the house and identify possible causes of the buckling.
2. Options available for repairing the damage
If you are still considering purchasing the home, you should find out what options are available for repairing the damage. If it’s only a cosmetic issue, you may be able to apply easy fixes such as patching up walls and replacing subflooring and baseboards. If the damage is structural, you may be looking at intensive foundation repair and much more.
3. Your savings on the purchase vs repair costs
Consider how much you will be saving by buying the fixer-upper with the cost of repairing the damage. You should also factor in any other costs associated with getting the home to a move-in-ready level. It may not be worth purchasing the house if your total costs will be significantly higher than if you buy a move-in ready home.
However, you should also consider the value of the home in terms of what you will get out of it. Is the location perfect for your needs? Is it difficult to buy other homes in that location? Will you be able to turn this house into your dream home? Sometimes the costs are worth it.
Considering a home with buckling floors
If you’ve made up your mind to invest in the house, you should hire a reliable foundation repair contractor to get started on the repair of your home’s foundation and ensure it is safe. When all that is done, you can then proceed to make the house a home.
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