Home Improvement

Sinking House – What are my options?

By June 5, 2019 5 Comments

I bought a home just over 4 years ago. I was in a rush and a first time home buyer. I noticed some settling issues, but didn’t know the extent, and somehow it passed appraisal, when the inspector said it was highly unlikely it would.

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Fast forward to now. The issue doesn’t seem any worse to me but I do believe its moving and I worry that something catastrophic could happen and I’ll be in a terrible spot.

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1. What is the best option for either stopping the movement or reversing it?
2. How do I afford such an expensive operation with not much cash on hand?
3. Should I consider taking even money for it if I can sell it?

Any input is greatly appreciated!


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5 Comments

  • coletain says:

    1. hire an engineer, there is no other option
    2. HELOC or 2nd mortgage
    3. Probably, or you could be over-reacting. The engineer from 1) will be able to tell you.

  • moody330 says:

    Ohio masonry contractor, All new homes settle, for a lot of different reasons! Post some pictures of your concerns and you will get a lot of solid advice!

  • bosphotos says:

    New or old home?

  • scotje says:

    There are foundation repair contractors that specialize in this kind of work. It’s not cheap but they often have financing options.

    We had one come up recently to give us a free quote on stabilizing/lifting one corner of our house that has experienced about 1″ more settlement than the rest due to a past issue with drainage in that area. Estimate was about $17k to install 6 “helical piers” down to bedrock to stabilize that area. Like I said, pretty expensive but there are solutions if you otherwise would like to stay in the house.

  • decaturbob says:

    – hire an engineer

    wait on their assessment, chill

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