(Closed) Buying a house with foundation issues – anyone have experience?

posted 6 years ago in Home
Post # 17
Member
2437 posts
Buzzing bee
  • Wedding: May 2013

accorn:  don’t do it. My mom had foundation issues, it was a nightmare.

Post # 19
Member
259 posts
Helper bee
  • Wedding: March 2014

If they fix it and get a transferable lifetime warranty I might consider it.  We’re in Texas, and the house we bought has had foundation repair.  In certain parts of Texit’s there are houses that will have foundation repair or those that already have.

Post # 20
Member
5283 posts
Bee Keeper
  • Wedding: October 2009

I feel like most people on here probably don’t live in Texas. In Texas you almost want to buy a house that already has foundation repairs because at least the previous owner paid for them, not you. Yes, people buy new homes here, but in years those homes WILL have foundation repairs as well; it is just a fact of life in Texas. 

So to answer your question, would I buy a home in which I knew the foundation needed repairs, and I was left with that bill, no. BUT, these sellers are willing to pay for internal/external piers, and floors, and cosmetics after the repairs! That is HUGE and totally unheard of! Since we know more so than anyone, that in TX you more than likely need to fix your foundation at some point, and you now know that before you step foot on the property that it is fixed, that sounds like a win to me.

However, I would hire a structural engineer after the repairs to come in and ensure the house wasn’t damaged. I would also hire a plumber to come in and ensure no pipes under the house broke. Also, as most in TX do already, be sure the warranty is transferable. 

Post # 21
Member
827 posts
Busy bee
  • Wedding: May 2012

I am a structural engineer.  You can PM me if you have specific questions.

Post # 22
Member
264 posts
Helper bee
  • Wedding: June 2014

Personally, I wouldn’t because anything the sellers are fixing is just a patch until it becomes your problem. I think you’d be better off walking away. But if you really love the house then negotiate the price down for what it would cost you to repair them yourself. At least then you can be sure the repair will be more than a quick fix. But seriously, I’d walk away. 

Post # 23
Member
9544 posts
Buzzing Beekeeper
  • Wedding: August 2013

Random lay person here, but if foundation issues are as common as you’re saying, I wouldn’t make it a deal breaker. Because buying a house without foundation issues may just mean that they’re more likely to pop up after you’ve bought the house! Getting a house that has already had foundation issues paid for by someone else seems a safer approach. And, in this case, you get the house right after the repairs so you’ll get the most time out of the repair! Especially if you get a transferrable warranty. My only concern would be questioning if it would be better to do the whole foundation rather than just half?

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