If there is one thing you do not want to discover about your home, it is that it has foundation problems. Whether it is settling, shifting, or cracks, these damages can be incredibly threatening to the overall livelihood of your home and can be expensive to repair in severe cases. One of the primary concerns you will have if a contractor tells you of your foundation woes is bound to be: How much will this cost? Unfortunately, there is no definitive answer for every case because each one can be so different. Here is a look at a few facts you will want to know about foundation repair costs:
The cost of repairing a foundation can range depending on the circumstances.
According to HomeAdvisor, foundation repair can cost between $3983 on the low end and $11,000, with a more typical range of somewhere between $1858 and $6334. It is more likely that the costs of minimal settling, for example, would be more on the low end of the price range. On the other hand, if the foundation problem has already caused problems in the house with the overall structure, it is more likely you will see a higher repair cost.
The cost of repairing a foundation can go up according to the home's age.
Even though less common, foundation problems can occur even with newer homes, especially in areas where the ground is not as stable. One of the better points of repairing a newer home foundation is the costs of repair are likely not to be as high as it would with an older home. Older houses tend to have foundation issues that are harder to address. For example, a lot of old houses are built upon basic block foundations, in which case, individual blocks and sections may have to be rebuilt while the house is jacked up.
The cost of repairing a foundation can be higher if your home has a basement.
Having a basement is an advantage because it can often show you when there are foundation problems long before you would ever notice if the foundation was a slab or blocked formation. However, repairing foundation problems in a home with a basement can also be more time-consuming because there is more there to repair. With a regular concrete slab, the home can be raised and filler material used to level out a settling foundation. In a home with a basement, this would not be a possibility.