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.
Most single-story homes don't have foundations strong enough to support a second story, but they can be reinforced for an addition. A structural engineer can assess your foundation and what needs to be done to get it ready. They'll look at any cracks or unevenness in your current foundation and consider any special framing or beams your home needs, especially if it’s in a high-wind or hurricane area.
“To support a second story, many structural engineers will require that you install additional concrete piers in the crawlspace,” says Tschudi. “This involves hand excavating, pouring a large concrete footing—usually with specially coated rebar—and then building concrete piers right up to the girders.”
Yes. A foundation wall can usually be replaced, but you’ll want to call a foundation professional.
A leak under your foundation from a water supply line or sewage line is likely to lead to water pooling on certain areas of your property during rainfall, abnormally fast-growing or green grass in certain sections of your lawn, and differential settlement of your foundation, which can result in large foundation cracks, windows and doors failing to operate properly, a wavy or sloping roofline, or damages or irregularities in your interior walls, including cracks and bulging. If it’s a plumbing line embedded in your slab, you’ll also likely notice above-average water bills.
Yes, thicker concrete is less likely to crack. The thicker the concrete is, the less susceptible it is to extreme changes in weather conditions that often cause concrete to crack or chip. If you’re unable to install a thicker concrete driveway for any reason, you can also ask your professional to install more rebar or wire mesh to provide greater strength and better resilience to damage.
The Springer, NM homeowners’ guide to concrete repairs
From average costs to expert advice, get all the answers you need to get your job done.
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