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How to Protect Yourself During a Foundation Repair Project Part Three of a Four Part Series

Watch for Warranties

Most industries offer warranties. It's a pretty standard practice. The foundation repair industry is no different, offering warranties against additional settling, movement, or cracking in repaired areas. Since most consumers don't deal with these types of warranties on a daily basis, reviewing the warranty in the contract can be stressful. Here are some basic questions to keep in mind as you look over a repair warranty.

Does this company offer warranties for the work that they perform?

Even though it's rare, there are sometimes reasons that a company needs to return to your home to correct or adjust a foundation solution. Minimally, of course, a legitimate company will provide you with a warranty to protect you and your home in the event that the improbable occurs. When a company does offer warranties, it is important to research and determine if that company consistently, promptly honored its warranty promises. In contrast to an honored warranty, you may discover that a company frequently engages itself as a defendant in cases of litigation or arbitration from disgruntled homeowners.

Are these warranties transferable if I sell my home?

Most Americans change residences, for one reason or another, every 3-5 years. When the transaction occurs, foundation repairs must be disclosed to the new buyers. Even if your home's foundation issues are completely resolved, a buyer will still want protection against possible future problems. That's why it's important for the company you choose to warranty the home-regardless of who lives in it. "Lifetime" warranties are great, but if they are non-transferable, they may actually provide just a few years of protection and bring you no value whatsoever when it comes time to sell the home.


Posted on: August 9th 2010 by: Cassi Henes

 

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