The simple answer is that it really depends, though that may not answer some questions consumers may have.
To start, just like any other repair needed for your home, there will be a cost. Whether the home needs a new roof or the foundation to be repaired, your potential buyer is going to get a quote to fix what needs to be fixed and either ask you to lower the price of the home accordingly, or have you pay for the repair before they purchase the home.
In our experience, there is a bit of a stigma that comes with a home needing the foundation repair. This could potentially narrow the demographic of who is willing to purchase your home. Much like a home with only a single car garage would not sell to someone who wants a two car garage, there are only certain people who are willing to live in a home that has had the foundation repaired. While this really has a minimal effect on the overall value of the home, it may harm the marketability of the home, making it more difficult to find a potential buyer.
What can be done in the end? Well, for starters, if your home’s foundation needs to be repaired, choose a company that will go to bat for you when the buyers have a question. We have helped sell many homes over the years by explaining to the potential buyers that we stand by our work, and we have been in business for over half of a century. Rhino Foundation Systems will even meet your potential buyers at the property to explain what we did to the property and educate them on the process and materials.
