Is There ROI in Basement and Foundation Repair?
The ROI or return on investment of any sort of home upgrade or repair is always a major point of consideration. After all, you don’t want to find yourself spending thousands of dollars on some sort of renovation or improvement only to discover that you will never get some of that money back in any way, shape or form. For instance, lots of people upgrade the kitchen before listing a home for sale. Why? It boosts the value of the property and has something in the area of a 75% ROI or higher!
What about basement and foundation repairs? Do you get any returns on these sorts of improvements? As one expert said, “Achieving a return on your investment is a relevant question with many home improvement projects and repairs. You want to get the best value for your dollar, after all, and home improvements don’t come cheap.” Nowhere is this more accurate than in the case of a foundation or basement repair.
Standard ROIs
It is important to note that few property owners expect more than 20% ROI on the majority of projects done. This is because it can take a long time for the improvement to deliver financial benefits. High ROIs are usually related to the sale of the property. When you remain in the home, expecting high returns is not all that feasible.
Yet, when you do a project like a basement waterproofing, the ROI you enjoy as a property owner is 100%, and you enjoy the amazing benefits of tackling such a project.
Benefits of Basement Waterproofing
Just take a second to envision a damp, leaking and even often flooded basement. It is not just an unpleasant place but an unhealthy and unsafe one. There are all of the mould and mildew issues, the damages and losses to property, and the huge risks that water in the basement poses to the home.
As that same expert above explained, “Over time, a poorly waterproofed basement will be much more trouble than it’s worth,” and so a waterproofing project is a smart investment. This is particularly true if you intend to sell the home at any time in the future.
Why? It takes the average buyer seconds to recognize a water line on a basement wall or see signs of water damage and decide against buying or even continuing to tour that home. This is because the problems that a wet basement brings are too difficult to overcome and also too mysterious for most buyers to hazard.
Getting the Work Done
And though you may have heard or read that basement waterproofing can be a bit of a project, it is far easier than the many headaches that a flooded basement brings.
With springtime right around the corner, it is a good idea to consider if you should speak with experts in foundation repairs and basement waterproofing now. They can do an inspection and start to help you develop plans to ensure a drier, healthier and more livable basement in the coming year.
At The Foundation Experts, Inc., you can talk with a team of experienced and seasoned professionals and get the kind of repairs, restoration and ROI you want!