Ways Basement Wall Cracks are affecting the Value of Your Home
Are you planning on selling your home? Whether you’re thinking of putting your home on the market tomorrow or two years from today, it’s important to ensure that you get the best value from the sale. This probably won’t happen if you have basement wall cracks. Here’s how those cracks in your basement walls affect your home’s value.
1. A sign of future problems
One of the biggest challenges of selling a home with wall cracks is getting buyers to look beyond the cracks. For many buyers, cracks in the foundation are a deal breaker. While foundation problems are something every homeowner faces at one time or another, potential buyers don’t want to be faced with these problems from the outset. There aren’t many buyers that would be willing to look past foundation cracks to buy a house. You won’t easily get a buyer at the price you want. You will probably have to ask for less in order to attract buyers.
2. The cost of repair
Buyers may be interested in your home despite wall cracks. However, they are likely to negotiate the price down because of the cracks. They will factor in the cost of repairing the foundation and negotiate for a lower price. If you want to get more value from the sale, you would be better off repairing the cracks yourself. Potential buyers will have no reason to negotiate for a lower price.
3. Loss of curb appeal
If you leave your cracked foundation unattended, things will only get worse. Wall cracks won’t only affect your basement. They will cause problems in other parts of your home as well. Your home will have sagging floors, the doors or windows will not fit properly, the ceiling will begin to crack, you will have cracks on walls in the upper levels of the home, and many other signs of damage. Your home will lose its curb appeal and is likely to deter potential buyers right from the moment they come into contact with it. If people don’t feel your home is appealing or safe, you will have to lower your asking price to attract buyers.
If you have basement wall cracks and are planning to sell your home, contact us to discuss your foundation repair needs first.
Since we are constantly working on damp crawlspaces and wet basements in the greater Indianapolis area, we are experts in structural floor repairs too. Whether you have sagging, bouncy, or unlevel floors, our solutions can help you.
Plus, we’re not only waterproofers, but we’re experts in structural floor repair. Whether you have foundation cracks, drywall cracks, or sagging floors, our structural repair specialists can help fix the problem. We’ve fixed hundreds of foundations and floor systems in homes and commercial buildings throughout the area.
Fixing your damp basements and crawlspaces before it becomes a big problem is the most affordable and effective option. You’ll avoid extra costly structural repairs and decreased home value. For our trained crawlspace technicians, a typical crawlspace repair usually takes less than a few days to complete. Many of our systems come with a warranty – so that you know the problem was fixed right. Give us a call us at 317-893-7016 to request a professional evaluation from our foundation repair experts.
**Lifetime Transferrable Warranties are for the lifetime of the home or 2 transfers of ownership. The CrawlDrain drainage system warranty guarantees no standing water in the crawl space. The sump pump is a 3 year parts and labor warranty. The CrawlSeal encapsulation system warranty guarantees the seams, sealants, and against rips or tears in the plastic. For more information about the warranties, request a copy of the warranty.