Subsidence is something that every homeowner dreads. Not just because it causes structural issues with the building itself, but also because it could hinder the sale of the property if you’re looking to sell. But how detrimental is subsidence to the price of your home?
If left untreated, the value of your house could drop considerably. However, if you have had underpinning carried out, with long-lasting and sturdy results (which is something you’ll experience if you choose Geobear for underpinning solutions), then you’ll likely not see a difference in the amount your home sells for. Let’s delve a little deeper into subsidence and how it can affect the value of your property.
Subsidence is an issue that occurs as a result of ground movement underneath building foundations. This then causes the foundations to shift, thus resulting in the structure that sits on top becoming compromised structurally. Learn more about: what is subsidence? If you would like more information about what subsidence is, then speak to the team at Geobear for help.
There are many causes of subsidence, with some being more preventable than others. From a house being built on clay soil to leaking gutters. Below is a summary of the causes, but you can learn more about what causes subsidence here.
Yes. You can sell a house even though it is suffering from subsidence. However, you should be aware that if you’re not willing to treat it, it will sell for a knockdown price. In addition, it is likely that any prospective buyers will employ the help of a surveyor to find such problems. So it’s always best to be open and honest from the start.
In short, it will play a part in how much your house sells for. However, how much it will affect the price is unknown exactly, as every case is different. Early subsidence issues may not hinder the price all that much. But if your house is noticeably leaning as a result of unrepaired subsidence problems, then you could see a considerable reduction.
It is impossible to know for sure until you have your house valued by the right people, such as a structural surveyor. You will need to assess both the pros and the cons and decide whether it’s more financially beneficial to have subsidence repaired or to sell it for a loss. Again, make sure you have all of the facts before making your decision.
If issues of subsidence have been properly rectified by a professional underpinning firm, like us here at Geobear, then you should have no trouble in selling your property and securing a fair amount for it. This is especially the case if you have chosen a modern, long-lasting underpinning solution that will stand the test of time, such as the resin injection method.
Here at Geobear, we typically use the resin injection method to underpin subsiding properties. We will inject the ground with resin, allowing it to flow through the gaps and voids, expanding as it goes. This will then solidify, therefore returning strength and stability to both the ground and the building foundations.
As such, your doors and windows will become unjammed, and cracks in walls and ceilings will disappear. With the right method and by doing your research on the firms that offer underpinning solutions, you should be able to sell your home without issue.
Geobear is proud to be offering customers throughout the UK sterling underpinning solutions that will provide results lasting generations to come. As well as underpinning services, we are also able to carry out subsidence surveys and other services that are related to the structural integrity of domestic and commercial buildings. If you would like further information about how our fully trained, highly experienced team can help you, get in touch today – we are always pleased to hear from you.