This has happened on two homes in the last two weeks...
First home - Occupants call a foundation repair company to provide a report on a house they are negotiating an offer on.
Lo and behold the company finds serious foundation problems. They take measurements and draw a diagram which calls out piers to be installed around (almost) the entire house and the quote is $17,000.00.
Second home - A buyer calls a foundation repair company (a different company) to provide a report on a house they have under contract. Lo and behold they find foundation problems. Their report only includes a diagram for one corner of the house and does not state how their measurements were taken. Their quote is for $7,550.00.
I represent the sale on both homes, but my advice to home sellers and buyers alike is always the same, order a report from a structural engineer. A foundation company is most likely reputable; but they are in the business of repairing foundations and let's face it, no repairs = no business. A structural engineer is in business to evaluate and advise on what a structure needs. They do not sell piers, or anything else for that matter.
The engineer evaluated both homes and his findings were that no foundation repairs are needed, on either home. There was movement noted and some cracks too, but all were determined to fall within standard guidelines for slab foundations.
Each report cost $500 and both sellers agreed this was some of the best money they had ever spent. I, of course, agree...how about you?
BROKER/ASSOCIATE/REALTOR, ABR, AHWD, ALHS, ASP, BPOR, CAPS, CDPE, CGP,
Multi-Million Dollar Consultant
Texas Licensed Real Estate Broker
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