Posted by Heather -Tx on September 24, 2003 at 08:40:19:
Thanks for the comment art I have been trying to get my husband to say that for years! LOL
I’m still only a year into my investing but 60 percent of the homes I have looked at have foundation issues. Here in Texas if you DON’T have a cracked slab, or mold… there is something wrong =)
To fellow investors who have experience in buying cracked slab homes,
I am currently in an escrow with a home that had a cracked slab but apparently is fixed now according to the seller. Crack happened before the current seller, and seller has a paper from a contractor/previous seller that the work was done and the problem was corrected.
I had a professional inspector inspect the house, but since the foundation is under the carpet, he coudn’t do much of an inspection on the repair of the crack.
What would be your recommendations? Should I hire crack slab specialist(professional structural engineer) and lift the flooring to do the inspection? Or do you think the seller’s paper is sufficient as a proof that the crack is fixed when I resell this property?
Posted by Heather -Tx on September 22, 2003 at 16:07:45:
I would defintely NOT hire a structural engineer. They are not… investor friendly I got a call today on a house that needs foundation work, and owner had called an engineer… they told her 35 peirs and a price of 35K. I can get 35 peirs done for about 5K or so.
If the foundation still has a warrenty and you don’t see new cracks in the sheetrock or bricks outside… it’s probably ok. This is just my opinion and how I would veiw it. Once there are big foundation problems you will see it inside on the sheetrock and tile.