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Off Topic Off Topic - General non-Corvette related discussion. |
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#1 |
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Ive been looking at homes to buy in Tennessee. One that I really liked at one time had foundation settling problems. They hired Ram Jet to do the repairs at a cost of over $25k. It has a lifetime transferrable warranty.
Has anyone ever dealt with something like this? I really love the house and because of the past problems it is selling for a very good price. EDIT: I meant Ram Jack, not Ram Jet.... ![]() |
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#3 | ||||||
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The foundation is the most important part of a building. You would not believe some of the crap people dump in them. Best take a closer look at the lifetime warranty it only covers where they fixed it. And once they fix one spot it puts strain on other spots.
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#4 | ||||||
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I suppose it would depend on the scope of the repair.
And your stomach for risk. |
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#5 | |||||||
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Companies like that can warrantee repairs because the business is highly profitable. Also good repairs are designed to be adjustable, so that call backs can be handled relatively quickly and cheaply, usually by a single technician in a few hours. Any repair other than a minor one (such as sagging floor joists) should include a report and design by a licensed structural engineer. The report should document the problem and identify its cause, and the design should address the cause. If it does not, then walk away. |
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Foundation settlement, is considered in need of repairs with a crack as small as 3/8". If some home inspector came thru and discovered even this small of a crack, it would be listed as structural damage. In order to list and sell the building remedies would have to be done by a certified company. So, "dig" deeper and investigate thoroughly the repair that was done, and if it really was minor or did it have multiple repair locations.
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Why would you to it, and I assume you have to disclose the fact on a resale...
I wouldn't buy some shellacked turd because it was cheap.. And if that company goes tits up in 8 years - then what is the warranty worth ? |
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#9 | ||||||
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There's buying a used car and then there's buying a previously-wrecked used car. I want nothing to do with the latter.
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Well luckily everybody doesn't feel the same - before and after; eventually sold to a South African diamond mine executive for stupid money:
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My home there developed cracks in a basement wall due to lateral soil pressure and the company that I consulted with did the repairs. That was not just disclosed but highlighted by me as one of the "hidden gems", along with things like all copper piping, full masonry fireplaces, extra attic insulation. new heat pumps and permanent stairs to the attic. That company enjoys thousands of five star reviews and my realtor emphasised to the buyer that the repair was an asset to the sale, not a liability. @zeek, a lot of it depends on the type of repair and extent. |
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Could have held out for more elsewhere maybe, but it was a painless, hassle free transaction and the car got sent off to an appreciative new owner and will be well cared for. I considered Bring-A-Trailer but they wanted a DNA sample, drug test and other nonsense before listing it - screw 'em. Price may be higher or lower now, I don't care, sorta lost interest in the hobby. |
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![]() Wow, you did well for sure ![]() |
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Tennessee is one of the top area's people are moving to, I'd be surprised this "great" deal is probably because of more problems. Unless it's your final home and resale isn't an issue, I'd probably keep looking.
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But, since this thread is supposed to be about foundations, avoid the areas with karst formations. ![]() |
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#20 | ||||||
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