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elementx440

09:14PM | 01/17/07
Member Since: 01/17/07
2 lifetime posts
Bvmisc
I'm looking into buying a repo home that needs some work... the worst of it being foundation repair. The walls are bowed and leaking. Here's pictures: http://s74.photobucket.com/albums/i250/elementx440/foundation/

The house is 1800 square feet. A couple people quoted me prices, around $180 a linear foot to dig up and rebuild the whole deal. I wouldn't be opposed to that as it would make for a nice new basement. Can anyone just give me a ballpark number to dig up and do what needs to be done? I supposed I could justify the purchase so long as I didn't spend over $15-$20k to get a true fix.
1318-worth_buying_a_home_

Billhart

05:37AM | 01/18/07
Member Since: 04/25/05
1916 lifetime posts
There is no way that anyone in their right mind is going to anykind of ballpark price and much less what needs to be done with out being their and see and testing in purpose. And knowledge of local cost and soil conditions.

I would suggest a hiring a local soils/structural engineer to evaluate and come up with the type of fixes. Get someone that only has there knowledge to sell. Not someone that works for a "foundation repair" company.

elementx440

11:27PM | 01/18/07
Member Since: 01/17/07
2 lifetime posts
Well what about a comment on the pic? How bad from a scale one 1 to 10? I'm just tryin to test the waters here... I know I need an engineer once I (if i) purchase the property... but I'd hate to drop $500+ on an opinion on just one of many houses I've looked at. I'd like to hear about other people's experiences if any, with replacing a foundaton. What did you pay? There's gotta be a max price for everything, and that's probably what I'm facing if I want to just redo the whole thing...

Billhart

09:03AM | 01/19/07
Member Since: 04/25/05
1916 lifetime posts
A. I don't know the labor rates in your area.

B. The pictures don't clearly show how much or what kind of damage there is.

C. I don't know what the soil conditions are

D. I don't know what the water table is.

E. I don't know that work they are talking about doing.

What I can tell you that a friend of mine bought a house with foundation problems. The top leaned in 8" and it was cracked about 4' up.

Previous owners had spent lots of money on "fixing" it by trying to patch the crack and by install interior drain system. But none of that had to do with the real problem.

She had the walls reinforced with steal beam and and epoxy patch on the crack. That was before she even close.

Afterwards she had the REAL CAUSE fixed by correctly grading, gutter, and drainage issues.

Now I see that those walls already have vertical support beams, but those are concrete block walls which are less tolerance of bulging walls than poured concrete.

A house like this has the possibility of being a good buy. Often discounted more than the cost of repair, but it firghtens people off. But it is also a risk. One needs to go into it with eyes wide open.

And if you are not ready to risk the cost of an engineers report then the house is not for you.
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