Foundation repair is a necessary thing that a homeowner must go through if they find signs of foundation issues. A lot of homeowners might wonder if foundation repair increases the home value or if you should fix your foundation before selling the home. We’re going to go over the answer to both of these questions to better prepare you for a foundation repair and how beneficial it can be for you.
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Does Foundation Repair Increase Home Value?
Foundation repair technically does increase home value. Foundation problems are something that can drop your home value instantly until they are repaired. If you’re having foundation problems then this can drop your home value by 10% to 15%. Once you get the foundation repaired this will increase your home value by between 15% and 20% making your home value more than it originally was even before the foundation problems. Since a foundation repair lasts a very long time, this is a great reason that it increases home value. The next homeowners or yourself will not have to worry about foundation issues again.
Should You Repair Foundation Before Selling Your Home?
Repairing your foundation should be a top priority before selling your home. You can definitely try to sell it as is, but a lot of potential buyers will not choose a home with foundation issues. The foundation is a very important part of your home’s structure and stability, so having foundation problems is a huge risk that a potential buyer can take.
It’s always a good idea to get the best foundation repair in Oklahoma City if your home needs it. Not only does it keep your home value up, but it also helps to give you another selling point. Potential home buyers will love to hear that the foundation is redone, and they won’t have any problems for at least 100 years. If you’re looking to sell your home quite easily and have foundation problems, we recommend you contact a company that does the best foundation repair in Oklahoma City.
Although foundation repair can be expensive, you’re expected to get your money back in value once you sell your home. Therefore the upfront cost of getting your foundation fixed can be implemented in the asking price for when you sell your home.
The Bottom Line
Foundation repair can increase your home value, and we recommend always repairing foundation problems as soon as they are seen. Plus, foundation problems can decrease the home value by up to 15%, so getting them repaired is the best way to keep your home value increased and get your money’s worth when selling your home. No matter if you plan to keep your house or if you’re looking to sell, always get your foundation problems repaired as soon as you can to avoid a decreased home value and more dangerous foundation issues.