G-man
Member
- Joined
- Feb 4, 2002
- Professional Status
- Licensed Appraiser
- State
- Ohio
Here's the deal. I bought my home about four years ago. Nice neighborhood, great lot, home needed some interior cosmetic updates but appeared OK overall. During the home inspection by myself and a professional home inspector, it is noticed that there is some bowing of a basement wall. Most of the rest of the basement is finished so a complete inspection is impossible. No evidence of major cracks and homeowners make no mention of settlement issues in the disclosure.
Fast forward to today. Basement has developed some rather large cracks where previous owner patched over them. :x After several showings with potential buyers loving the house yet expressing concerns about the basement, I get a foundation contractor in to have a look. He recommends interior steel beams to support the walls that show the worst signs of bowing, which is approximately two sides of the house. Cost to me $2,800
Remove the rest of the panelling in the effected area and walls are in worse shape. :evil: Panelling and such not that old (10 - 15 years max), so previous owners new of problem yet decided not to fess up. 8O I'm not a litigious person, but this burns me bad. I don't mind fixing the basement, but the fact the previous owners hid and lied about the settlement makes me want to shout SUE THE BASTARDS!! Any thoughts, or am I pretty much screwed.
Fast forward to today. Basement has developed some rather large cracks where previous owner patched over them. :x After several showings with potential buyers loving the house yet expressing concerns about the basement, I get a foundation contractor in to have a look. He recommends interior steel beams to support the walls that show the worst signs of bowing, which is approximately two sides of the house. Cost to me $2,800
