How Foundation Affects Your Home Value

No matter how recently you purchased your home, the value of your property remains a key concern for Los Angeles homeowners. Purchasing a home is one of the biggest investments a person can make, especially in a highly profitable area such as LA. To ensure that your LA property retains its maximum value, it is essential to ensure that the foundation of the home is in prime condition.

Discover the connection between LA property value and foundation health

Related: Foundation Maintenance Guide

Foundation health is a major concern for any homeowner, but Los Angeles homeowners have particular reason to pay extra attention to their home foundations.

Since seismic activity is a reality for LA homeowners, foundations must have adequate earthquake retrofitting, or else they run the risk of damage and even complete destruction during an earthquake. How much do foundation repairs cost? When it comes to foundation health, the most cost-effective solution is always preventative action.

That’s why retrofitting your LA foundation is an excellent way to invest in the health of the property. Routine inspections are another way to be aware of problems at their start before they have the opportunity to worsen. Foundation repairs are always a less invasive and less expensive solution than requiring a foundation replacement if problems worsen when left untreated.

Related: Foundation Underpinning

Foundation Issues & Home Value

While foundation strength is important for the health of a home, it also plays a critical role in the value of the home. Many homeowners find themselves asking a critical question- How much do foundation problems affect the value of my home? Though the answer depends on various factors, it can be broken down. However, the basic answer is this- foundation issues will affect the home value of your LA property. Foundation issues vary greatly in severity, which means that they can affect the resale value of the home on a wide scale. On average, foundation issues can reduce the resale value of a home by 10 to 15 percent.

When it comes to foundation repair costs, someone will have to pay for it and it will be the homeowner in some way. Homeowners will either have to pay for the foundation repair upfront or lower the price of the home if they are selling it with a damaged foundation. However, there are other ways that foundation health affects home value.

Water Damage, Drainage & Home Value

Another thing to pay attention to when it comes to your home value is water damage and drainage system on the property. When a home is inspected for sale, they look at everything around the house. Any noticeable water damage can indicate a bigger problem. It can lead to faulty home foundation. Another problem is that water seep into floorboards, rotting wood and causing bacteria and mold to grow in crawl spaces and cause health problems. 

A buyer should always make sure the house have a drainage system that meets the needs of the property and continues to operate without any blockage. A properly functioning drainage system around the house will bump up the value of the house due to the high costs of installing a drainage system that is needed anyway. A home without water damage is a healthy home and the value of the house appreciates.

Related: Foundation Repair

If your LA property requires foundation repair and other maintenance, it might be in your best interest to invest a bit more money into the property before selling it. Curb appeal plays a major role in attracting buyers.

Therefore, putting effort into presenting the property in its best form can elevate its selling potential exponentially. Investing in curb appeal increases property value and is overall a smart step for homeowners to take.

Can you just ignore foundation problems if you’re planning to sell Unfortunately, not. It might be tempting to do so, but as a homeowner, ignoring issues is one of the worst things you can do. Referred symptoms are issues that are a direct result of the core issue. Therefore, smaller problems you find around the house such as cracks or sagging floors could be a result of a more major issue. These problems can take a massive toll on your property value.

Related: Slab Crack Repair

Secure Your LA Property Today!

While earthquakes are one reason why LA homeowners want to secure their homes and protect their property value, there are plenty of reasons why you should invest in the structural safety of your home. Most cases of foundation damage occur due to water, which can greatly affect the soil under the home and put pressure on the foundation. Prevent issues such as damaged floors, wet walls, and cracked walls by correcting foundation issues.

Preventative work and routine maintenance are excellent ways to make sure that your home will one day sell at the listing price or above asking. At California Foundation Works, our team of professional workers is here to address your home needs. From retrofits to renovations to yard drainage installation, consider us your one-stop shop for construction needs in the great Los Angeles area. Call today to discuss your home renovation or repair process!

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