Buying a House With Foundation Issues

All houses have a foundation, and although they may not be seen, foundations really are the stars of the show. The foundation bears the weight of the entire house, transferring the force to the ground below. Normally they are dug into the ground and provide an anchor between the walls and the ground below. So what happens when there is damage to the foundations or they and inadequate for the job?

Most Common Foundation Issues

• Foundation cracks or wall and floor cracks;
• Foundations sinking or settling;
• Foundation Upheaval;
• Doors that don’t open or close properly;
• Gaps around windows or door frames;
• Sagging or uneven floors; and
• Counters and cabinets coming away from walls.

There are also several other signs that there may be foundation issues. 

Getting a Mortgage When There Are Foundation Issues

A substantial down payment or evidence that the foundations have been repaired will likely be required prior to the funds being advanced.

Insurance companies may also be reluctant to insure a house with foundation issues. Therefore, it is important to talk to insurance companies before purchase to determine if they will extend cover and, if not, what needs to be done so you can get insurance.

Get a Professional Inspection

Cost of Repairs