Foundation damage can mean serious issues for your home… after all, it supports the entire structure! So when your foundation needs fixing, it isn’t the time to cut corners… or costs.
But how much is too much? Or in some cases, too little?
Estimating the typical cost of foundation repair is difficult due to the plethora of factors that go into the price. However, there are some general guidelines you can follow to make sure you’re paying the right amount for your foundation fix. Our guide to foundation repair costs can help!
Factors that Affect Foundation Repair Cost
According to HomeAdvisor, the average foundation repair costs $3,500 nationally and varies by state. Most homeowners report spending anywhere between $1,600 and $6,000 on repairs.
What makes the cost range so broad?
Well, there are several factors that need to be considered when repairing foundations — and these often responsible for fluctuations in repair costs. Here are a few you should take into account:
- The type of foundation in your home: There are three main types of foundation on which your home is built: slab, pier & beam, and piling. As you might already know, each foundation requires different materials in order to be fixed. The type of materials used can greatly affect the cost of the repair.
- The size of your home: Just like different foundations require different materials, different sizes of homes use different amounts of materials during the repair. A larger, heavier home may be more expensive than a smaller, lighter home due to the larger quantity of materials needed.
- The extent of the damage: Did you see minor foundation damage (like a small crack) and wait to get it inspected and repaired? If so, you may be sitting on quite the financial situation. The more damaged your foundation is, the more repairs it will need… and the more money you’ll likely have to spend.
Breaking Down Foundation Repair Costs
So now that you know the factors that can affect the cost of your foundation repair, what’s next?
The first step for any foundation job is getting an inspector to assess the damage. If you use an inspector that’s associated with a particular foundation repair company, this inspection is usually free. However, just make sure the analysis is no-obligation, meaning you are not required to use their company for the foundation repairs.
If you choose to use a structural engineer (or an independent inspector), the average price range is $300 to $500 for the evaluation. Keep in mind this can change based on the size of your property, the structure of your home, and the individual inspector.
If your inspector determines you’re in need of basic, non-structural foundation repair, such as crack injection or waterproofing, costs typically range from $300-$800. In most cases, these repairs won’t be more than $2,000.
If your foundation requires structural repairs, such as bowed basement walls or foundation settlement, costs could increase significantly. Bowed basement walls can be fixed with carbon fiber, steel columns, or helical wall anchors, with carbon fiber costing the least and steel columns and helical wall anchors costing the most due to their invasive nature. These repairs typically start at $8,000 and increase depending on the methods and extent of the damages.
However, foundation settlement takes the cake in terms of expense. Push piers are often recommended to raise a house back to its original level after foundation has settled because they are a permanent solution. Pier installation typically costs upwards of $1,000 per pier, and most homes require 8-10 piers. As you can imagine, this type of structural repair is quite extensive.
All in all, foundation repair isn’t a cheap ordeal, but it’s incredibly important to keep your home structurally sound. If you have foundation damage, or have further questions about your foundation repair costs, contact a CHANCE Certified Specialist today.