Foundation Repair Cost
When it comes to foundation repair, many homeowners are worried that their home will be damaged during the process. Fortunately, due to modern advances in technology and procedures, a repair not longer requires having to tear out a concrete foundation and start from scratch. Now, when repairing a significant foundation issue, the use of hydraulic piers (Piering is a method for fixing a foundation that is almost always considered to be a permanent solution. This method generally prevents further home settling of the house) costing $10,000 or more may be used. For lesser repairs, such as minor cracks, the homeowner should expect paying at low as $500. The national average for most foundation repairs is $5,838. Of course there is quite a bit of variation when it comes to foundation repair with many homeowners paying much less, while others may ending paying more.
Having had foundation repairs made to your home must always be disclosed in the event you are selling your home. Having had hydraulic piers installed could be seen as an asset rather than a drawback. If you are having issues with soft, wet, or clay soil, then having hydraulic piers installed can be a bonus to a potential buyer. The buyer may feel confident that their purchase will not have a problem that other homeowners may encounter sooner or later.
Most homeowners will pay around $4,029 to repair foundation issues. Major repairs involving hydraulic piers can cost $10,000 or more, and minor cracks cost as low as $500. The typical homeowner pays between $1,846 and $6,363.
The good news regarding fixing your foundation is that there are ways to repair the issue without tearing it out. But, by being informed you can smartly discuss with your contractor exactly what you want done and then see what your contractor recommends and at what cost.
The rule of thumb when you see any issue don’t wait to fix it. As time goes on the worse it going to get. By addressing issues quickly much of that extra cost of foundation repair can be avoided by acting quickly.
Common Foundation Repair Cost & Pricing Considerations
Cracks
Fixing cracks in your foundation usually starts around $250. The cost really depends on how large (long and wide) the crack is. Not fixing a crack will generally allow excessive moisture into your foundation and home and cause much worse information rapidly. To fix a crack we will generally be injecting either epoxy or polyurethane foam.
Settling/sinking
This fix can cost the homeowner from $500 -$1500. A settling house is a SERIOUS issue and requires a lot of attention. Not only will the issue of settling need to be resolved but the house will require leveling, as well. To repair your home will need to be raised (lifted) and then piers built up under it or mudjacking may be used. Additionally, we will need to mitigate the issues that led to the house settling. This is normally excessive sources of moisture or soil that is very wet and can’t support the foundation.
Foundation Repair Cost Influenced by Foundation Type
Homes with basements are always going to be more expensive because of the additional work and excavation that is required. Home with a crawl space are easier due to accessibility.
Homes built on a Concrete Slab
This type of foundation issue is usually fixed through mudjacking. One consideration for repairing a slab is what kind of soil is beneath and around the slab. Precautions should be taken to remove excessive moisture in the soil-even if that means removing soil and replacing it with better top soil. Sometimes it is necessary to excavate a deeper area for the foundation, which requires raising the home and the existing slab removed. Naturally, this will increase the cost of the repair.
Homes supported by the Pier and Beam design
If an older home, the wood beams may have started decaying and is now replaced by steel beams. It may also be necessary to add more piers to increase the support structure under the beams.
Did You Know… There is a good chance that your Homeowner’s Insurance might not be as helpful as you think. Some policies will only cover foundation damage so long as the damage is caused by a covered peril as stated in your homeowner’s policy. You should carefully review your policy rather than assuming that foundation repair is or is NOT covered.
If you were to have a pipe burst under your house there is a strong possibility that it may wash away some of the soil under and around the foundation. This may cause the foundation to move or collapse downward. This is a fairly common occurrence. Because this isn’t a peril caused naturally there is a good chance that your insurance will not cover the foundation repair.
Even if your homeowner’s insurance doesn’t cover foundation repair, remember that your foundation supports your biggest investment: your home. Protect it with help from the experts! Contact Coastal Foundation Repair for a Foundation Repair cost estimate.