If a foundation issue is found during a home inspection – which will be requested by any knowledgeable buyer – it’s a pretty big deal. Foundation issues can be extremely expensive to repair, and the buyer will have plenty of reason to ask you to knock down your asking price of make the repairs.
There are different types of foundation issues and ways to handle them before selling. For example, if your basement has some smaller moisture intrusion issues they could be left alone before selling, but buyers should be made aware. If the issue is larger, like a foundation crack, it should be fixed immediately.
Many home sellers have a budget set aside to stage their home or make minor repairs before they list their home for sale. Unfortunately, larger foundation issues should eat up the majority of this budget – kitchen remodeling and painting can wait. Keep in mind that if a foundation issue goes unnoticed and the home is sold, the future buyers of the home might feel like suing. If you’re able to, always repair foundation problems before anything else.
When it comes to selling your home, having a problem-free basement can be a huge selling point, especially if you’ve repaired any issues with a reputable foundation contractor. Many home buyers have dealt with or witnessed homes with foundation issues or wet basements in the past, and could be on the look out for them.
If you have other signs of foundation issues, including gaps between doors, windows that don’t close properly, gaps between garage doors and pavement, or gaps above kitchen cabinets, it is well worth calling someone to come in and have a look so you can weigh your options.