DIY Home Improvement, Remodeling & Repair Forum > DIY Home Improvement > Framing and Foundation > 1926 2 story with major foundation issues




Reply
 
Thread Tools Search this Thread Display Modes
Old 01-26-2013, 11:18 AM  
jennype
Junior Member
Join Date: Jan 2013
Posts: 2
Default 1926 2 story with major foundation issues

I am hoping to purchase a house needing complete rehab. My main concern is the foundation. Realtor said quote from professional was 50k to shore and repair pier and beam foundation with brick chainwall. The house has cedar exterior and cracks in the interior plaster walls.

This seems really high. I was prepared to shore myself but wondering if this may be too much to take on.

Thanks!


jennype is offline  
 
Reply With Quote
Old 01-26-2013, 01:02 PM  
JoeD
Contractor
Join Date: Mar 2006
Location: Welland, Ontario
Posts: 1,084
Liked 134 Times on 109 Posts
Likes Given: 4

Default

Call your own contractor for estimate. 50K is not unreasonable depending on what needs to be done.


JoeD is offline  
 
Reply With Quote
Old 01-26-2013, 02:35 PM  
Wuzzat?
Banned
Join Date: Jan 2010
Posts: 2,328
Liked 168 Times on 155 Posts
Likes Given: 94

Default

If realtor said 50K then it will probably run higher. I suppose the house could be totaled but not many people know that yet.

"Perfect information refers to the situation in which an agent has all the relevant information with which to make a decision. It has implications for several fields."

For sure, your realtor has better information than you do.

Perfect information has a value
"In decision theory, the expected value of perfect information (EVPI) is the price that one would be willing to pay in order to gain access to perfect information.[1]"
and it might be worth your while to get a consult from a Civil or Structural Engineer.


Anyway, using the search terms

$ foundation repair rehab pier beam cost

I get many pages and the Internet scuttlebutt says

kilobucks
12
2
8
10
5
8
but most of this is from just one forum.

Fortunately, they give many details with their prices
so
we need more details.

Otherwise $50K sounds high based just on these numbers and how far apart they are scattered.

Your move.

Last edited by Wuzzat?; 01-26-2013 at 02:54 PM.
Wuzzat? is offline  
 
Reply With Quote
Old 01-27-2013, 11:17 PM  
nealtw
Contractor
Join Date: Nov 2010
Location: Upper Fraser Valley, British Columbia
Posts: 13,495
Liked 1344 Times on 1185 Posts
Likes Given: 2317

Default

Get your own engineer to design the fix A/ $500 and get 3 qoutes for the work he designed and take it from there. If you just get quotes you will have 3 answers and you will still be confussed.
nealtw is offline  
 
Reply With Quote
Old 01-28-2013, 09:05 PM  
BridgeMan
Senior Member
 
BridgeMan's Avatar
Join Date: Aug 2011
Location: Cottage Grove, Oregon
Posts: 738
Liked 75 Times on 67 Posts

Default

FWIW, $500 might cover a thorough foundation evaluation of an older home, but don't expect that figure to also include the cost of formulating a complete set of repair plans/specifications that can be used for bidding and rehabilitation purposes. Might have to add a zero to it, if the engineer is licensed and knows what he's/she's doing. Or if you want him/her to regularly monitor the work, such that you get what you will be paying (quite dearly) for.


BridgeMan is offline  
 
Reply With Quote
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off


Similar Threads
Thread Thread Starter DIY Home Repair Forum Replies Last Post
Foundation issues? sugarmag Framing and Foundation 15 08-12-2011 12:00 AM
1926 Roper gas range HELP! nancyl General Appliance Discussion 0 09-17-2009 10:40 AM
serious issues with foundation djsfw Framing and Foundation 1 09-04-2009 11:17 PM
possible foundation issues adagaue37 Framing and Foundation 3 03-13-2008 05:56 AM
Major Foundation Problems - Cottage Anna1972 Framing and Foundation 2 07-03-2006 09:30 PM

Newest Threads

hey

LATEST SPONSOR DEALS