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The original foundation isn't strong or stable enough. The usage of the structure has changed. The properties of the soil supporting the foundation may have changed (possibly through subsidence) or were mischaracterized during design. The construction of nearby structures necessitates the excavation of soil supporting existing foundations.
House raising may also be a part of a renovation to build a foundation under an existing house or make a house larger by adding a new floor level. Often employed in areas that are prone to flooding and storm damage, this process can be achieved through the use of either timber piles or helical piles.
The median sale price of an existing home in the U.S. hit an all-time-high of $426,900 in June, and August’s median of $416,700 was only slightly lower, according to the National Association of ...
The report also includes commentary to advise the solicitor on issues that need addressing in the conveyance, and any risks that affect the building, grounds and people of a more general nature. There is also a market valuation of the property and an assessment of rebuilding costs for insurance purposes.
2025 existing home sale counts year-over-year: 17.3%. 2025 existing home median sale price year-over-year: 7.7%. Editor’s note: Data was sourced from Realtor.com and is accurate as of Dec. 10, 2024.
With home prices still on the rise in every region of the U.S., 63% of homeowners say they'd rather remodel their homes than move to renovated homes, according to an October survey by Clever Real ...