Selling Long Island homes isn’t cut and dry these days. With fewer numbers of homes on the market, buyers are easily scared off if they encounter problems that may negatively impact resale value. Among the many negative issues that need to be addressed in order to make a house more marketable in the future are foundation problems. They rank near the top of the list.
If you’re among those “very few” currently selling Long Island homes right now, you should have already made sure that the property is competitive with similar properties in the area. A little dampness in the basement or a small drywall crack are flaws that a potential buyer may be willing to overlook, but a cracked or bowed foundation wall will be a major red flag. Since the sale of most Long Island homes are contingent on a satisfactory home inspection, foundation problems are very likely to stop a home sale dead in its tracks.
Some Foundation Problems Are Obvious
Some foundation problems are obvious. Long Island homes with cracks, leaning chimneys and bowing basement walls, for example. But there are other symptoms that may signal a settling or shifting foundation. Windows or doors can be racked by a shifting foundation and become difficult to open and close. Drywall cracks that extend from the corners of windows and doors are another telltale sign.
As surprising as it seems, newer Long Island homes may be just as likely to have foundation problems as older ones.
Home Improvements vs. Home Repairs
In today’s economy, it’s understandable for homeowners to put off home improvements until they feel more financially secure. But it’s important to make a distinction between basic “feel-good” improvements (like painting a room or installing shelving) and repairs that correct safety issues or prevent a problem from getting worse. Fixing damaged foundations in Long Island homes definitely falls into the “must-do” category.
It’s risky to put off fixing a damaged foundation. If a crack starts to enlarge or a wall starts to buckle, you’re seeing a failure that is probably going to get worse. The longer you wait, the more extensive the problem becomes and the more expensive the repair is going to be.
Specialty Contractors For Foundation Problems
The good news about foundation problems is that most of them can be corrected, as long as the contractor has the training, tools and materials to do so. Many local remodeling contractors only temporarily fix cosmetic problems, but are unable to permanently solve the problem. Do your homework if you have serious foundation problems and be sure to hire an expert who is trained in doing the job right.
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