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Real Estate
Reply to "Would you buy a house that had foundation repairs?"
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[quote=Anonymous][quote=Anonymous]Buying a house in Texas. There were repairs to the foundation, warrantied for five years. The repairs are described as: Interior pressed piling piers "These piers will keep the slab from sinking further into the soil" 14 new posts 12 inches in diameter. So that could mean it's the best foundation ever due to so much reinforcement or, it's a lemon. Thoughts? [/quote] the repairs may have addressed the problem but over time you might need to sink more money into it. our close friends bought in alexandria and had to sink ~$30K into foundation repairs... and now, roughly 8 years leater, more issues have arisen so they are looking at sinking more into it. foundation issues can be fixed but I would certainly pause and give some seriously thought to whether or not you are ok with the risk of potentially spending over $25K down the road if problems arise again [/quote]
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