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It depends on the bank and the extent of the issue. Some banks will lend against homes with minor foundation damage, but most won’t if the issue is structural since the home acts as collateral for the mortgage. Banks that offer renovation loans might still finance a home with structural problems. More minor issues like settling cracks and intermittent problems with humidity are unlikely to stop a bank from financing.

The 10 10 rule describes the formula most contractors use to determine how much to charge for a job. Allowing for 10% overhead above the total projected cost to do the work and 10% profit sets a contractor up for success, even if there are delays or other problems on the project. This formula isn’t a hard-and-fast rule, but it is a ballpark figure to begin with when estimating your expenses on a job.

A structural engineer’s report includes a professional assessment of a property’s foundation condition, structural elements like roof trusses and floor joists, and the skeleton of the home, including studs, beams, and rafters. It will also usually include an assessment of drainage on the property and any potential issues that could arise from environmental conditions, like extreme weather in the area and even tree placement.

Foundation cracks that are 1/8 inch wide or less, aren’t uneven across the gap, and don’t continue widening over time are usually just normal settling cracks and don’t suggest structural issues. Horizontal cracks and stair-step cracks on foundation walls, any cracks that continue widening, are wider than 1/8 inch, or where one side juts out beyond the other, are often indicative of structural damage.