Foundation damage is not going to get better on its own. No logic dictates you to ignore it – depending on the severity of the damage; your house may pose dire safety risks sooner than you may anticipate.
These risks can go as far as the possibility of property collapse!
Foundation damage should never be taken lightly. In most situations, it starts small and insignificant, but foundation damage will, inevitably, worsen unless fixed properly.
basement wall, there’s moisture seeping in, and you’re certain that mold infestation is only a few weeks away. But, you can’t do anything about it, because there isn’t enough money to get the damage fixed.
It happens; we understand that it can be costly, and we’ve got your back.
Consider one of these options if you can’t pay upfront:
1. The GreenSky® Program
At Adams Foundation Repair, we understand if you’re facing trouble with paying upfront, and we offer a solution on our end, too: the GreenSky® Program. This a third-party financing service that offers loans for home improvement programs to people who’re having problems paying up.
GreenSky is not a lender itself but rather links you up with a bank that will provide the money. The program is very flexible, and considering that it is meant for people who can’t afford home improvement, you can rest assured that the terms will be favorable to you.
2. You Can Put It On The Card
You know how they say desperate times call for desperate measures, well, this is pretty much one of those scenarios. If you are certain that you can manage it, you can put the expenses on your credit card.
Of course, you will have to factor in several things like your credit limit (exceeding it will hurt your rating), your ability to pay back, and your credit history. If you have a card with a low APR, then the burden won’t be that much, but for high-interest cards, this is not recommended.
3. Home Equity Loan
Do you have equity in the property?
If so, you may qualify for a home equity loan.
You can discuss the issue with your mortgage lender, and if they do agree on lending you some money on favorable terms, you’re good to go. Just be sure to get the loan at a low-interest rate (don’t commit otherwise) to avoid problems paying it back.
4. Settle It In The Sales Deal
This is a possibility for anyone who’s looking to sell their house.
If your house has foundation damage and you can’t afford to get it fixed, deduct the sum from your sale price and let the new folks take care of it.
Be honest with the buyers; let them know what they’re getting into; it will work out fine!
You have other options if you can’t afford a foundation repair job. While none of the situations mentioned above are ideal, you must remember that delaying resolution to such problems is only going to make things worse, so act fast and smartly.
We, at Adams Foundation Repair, believe in facilitating our clients however we can, and if you run into some foundation problems, we’ll be glad to help you out with it!