Hi everyone,
I’m looking at a property with an older concrete foundation that has some minor cracks. The structure seems solid, but I’m wondering how much this could affect its long-term value and resale potential.
Has anyone dealt with foundation concerns when investing? Is it worth the risk, or should I avoid properties with even minor concrete issues?
Thanks!
Hi Jesse,
This doesn’t sound so bad, but then it depends just what “older concrete foundation that has some minor cracks” actually means. I believe concrete can develop hairline cracks over time that don’t affect things too much – if the crack is any more than a hairline though, it is likely indication of a bigger problem.
My path in the past was to ALWAYS use a Building Inspector to check out any property I bought, as their knowledge was way superior to my own with regard to such issues. You may wish to do the same – good luck whichever way you choose,
Regards,
Benny
Hi Jesse, This doesn’t sound so bad, but then it depends just what “older concrete foundation that has some minor cracks” actually means. I believe concrete can develop hairline cracks over time that don’t affect things too much – if the crack is any more than a hairline though, it is likely indication of a bigger problem. My path in the past was to ALWAYS use a Building Inspector to check out any property I bought, as their knowledge was way superior to my own with regard to such issues. You may wish to do the same – good luck whichever way you choose, Regards, Benny
Thanks, Benny! That makes sense, I’ll definitely have a building inspector take a closer look to assess if the cracks are just cosmetic or a bigger issue.
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