Raised foundations are typical of OLDER homes (in SoCal typically homes built 1900-1950s) but provide allot benefits to new owners. If you are looking to buy a fixer - a raised foundation could be a giant asset in upcoming work that you want to do. If your plans involve moving or replacing electrical or plumbing its MUCH easier on a raised foundation home because you have access to the the underside of your property. In slab homes you'll need to saw and jackhammer slab adding thousands to your renovation project.
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