The value of your home in Fort Wayne, Indiana, is based on many things one of the most important being it’s foundation. The foundation is the part of your home that provides it with its structural integrity. It does this by supporting the roof, walls, and other parts of the home. The foundation also protects the inside of your home from moisture and other elements that could damage it.
The Relationship Between crawl space Damage and Resale Value of Your Home In Fort Wayne, Indiana
The relationship between crawl space damage and resale value is a complicated one. The first thing to remember is that not all damage is created equal. A small crack or hole in the flooring of your crawl space may have little impact on the value of your home; however, if there is water damage or mold growth to the walls, flooring, insulation, ductwork, and other components of your crawl space, then your home will likely lose value.
There are three things that affect resale value: structural integrity, aesthetic appeal, and functionality. The first two are important factors when determining how long a home will last and whether or not it's suitable for living in and raising kids. The third factor is important because many homeowners use their crawl space as storage space for things like Christmas decorations or sports equipment.
Crawl spaces are vulnerable and often require foundation crawl space repair in Fort Wayne, Indiana because they're often located outside of homes and are exposed to the elements such as rainwater or snow melt. When they get wet or flooded with water, they can quickly begin to deteriorate due to mold growth or rot from wood beams supporting the home above ground level. This can cause structural damage (which affects its ability to stand up straight) or leaky ceilings below ground level (which affects its aesthetic appeal).
If you have concerns about your house's foundation or have noticed any signs of water damage such as leaking pipes/walls/carpets etc., we recommend calling an expert immediately!
The good news is that this type of damage can be repaired fairly easily by an experienced contractor. The bad news is that you will need to pay for it out-of-pocket unless you have insurance coverage for this type of situation (and even then it might not cover all aspects).
If you are considering selling your home in the near future, it's important to keep in mind how much money it will cost to repair any damage caused by water infiltration into the crawl space. You may decide that fixing these issues now would be more cost-effective than waiting until after selling your home—especially if you plan on moving out of state within a few years anyway!
Ways Crawl Space Foundation Issues Affect Your Fort Wayne, Indiana Home’s Value
If you’re selling your home and your crawl space is damaged, someone is going to pay for it. It can either by you before you sell your home or it will come off of the buying price. If you want a round about figure Rare Daily states that most foundation issues reduce a home’s value between 10% to 20%. Meaning if you’re home is worth $300,000, you could potentially lose between $30,000 and $60,000. Taking into consideration the national average cost of foundation crawl space repair is $4,000 it makes sense to make the repair before listing your home.
A damaged crawl space foundation can impact the curb appeal of your home. If you have a problem with your crawl space foundation, it may be difficult to get potential buyers interested in looking at your home. A poorly maintained crawl space can make the entire house feel unkempt, even if none of the other elements of your home are affected by the crawl space’s problems. Potential buyers will not be willing to pay top dollar for a home that has a neglected crawl space.
There are other problems that a cracked crawl space foundation in your Fort Wayne, Indiana, home may cause. One of which is it may spread to other areas of your home, including your walls and roof. When you first become aware of the crawl space issue, you should call a foundation repair company to inspect it.
Fix Your Cracked Foundation Today
Your foundation is the most important part of your home. It's the foundation that allows you to have a home at all, and it's what keeps that home standing—so it's no surprise that when something goes wrong with your foundation, it can cause all kinds of problems.
The good news is that there are ways to fix them—and we're here to help! We offer affordable solutions for foundation crawl space repair in Fort Wayne, IN. We'll come out and assess the problem, then create a custom solution just for you. Your entire job will be completed quickly and effectively, so you can get back to enjoying your home again in no time!