When considering buying a house in Melbourne, you might come across a property that seems perfect but requires restumping. Don’t let this deter you from making an offer! With the right knowledge and professional help, buying a house that needs restumping can be a smart investment.
Benefits of Buying a House That Needs Restumping
Don’t assume it’s all bad if you’ve found your dream house, but it needs to be restumped. There are a number of benefits to buying a house that needs restumping, so if you can spend the time and money fixing the foundations, you could end up with an incredible buy that is well worth your investment for many years to come.
The main benefits of buying a house that needs restumping include the:
- potential for a lower purchase price
- opportunity to address foundation issues before they worsen
- improved stability and longevity of the home
- increased property value after repairs
- peace of mind knowing the foundation is secure
- better energy efficiency
- solid base for future renovations.
Costs and Considerations
The cost of restumping can vary depending on factors such as:
- size of the house and number of stumps to be replaced
- type of replacement stumps chosen
- ease of access to the subfloor area
While pricing can fluctuate based on these factors, you can expect restumping costs to range from approximately $5,000 to $30,000. The price per stump typically falls between $500 and $700. Concrete stumps may be more cost-effective in the long run, while steel stumps offer excellent durability but at a higher initial cost.
At Southern Stumping & Underpinning, we offer competitive pricing and a 10-year guarantee on all works completed. We can provide a detailed, no-obligation quote tailored to your specific property needs.
