In a recent study, 78 percent of homeowners surveyed expressed concerns about their homes’ foundations. Foundation damage can result in structural damage, water damage, and plumbing problems, leading to repair costs in the thousands.
If you have seen signs of foundation damage, having a clear idea of costs is vital. Read on to learn foundation repair cost averages and what factors can influence the price you pay.
Foundation Repair Cost: Average Repair Rates
The cost of foundation repair will vary depending on the severity of the issue. Minor cracks that do not affect the home’s integrity can cost as little as $250, while larger cracks can go up to $800.
Seeing even small leaks can mean having to reseal the entire foundation, which can cost between $2,000 and $7,000.
If your home’s foundation is severely damaged, you will need to have experts install piering or basement underpinning. Each pier can cost between $1,000 and $3,000. This is the most expensive option because it requires you to pay for raising the foundation, excavation, and the installation of hydraulic piers.
Factors That Influence Final Cost
Calculating the cost of repairing a foundation depends on various factors, including permits. Let us look closer at these.
Labor and Permits
Most foundation repair professionals will charge by the hour. The average rate is $200 per hour.
For foundation repairs, you need permits, and these can cost between $75 and $150.
Repair Method
The typical foundation repair for a home is $4,542 but price can fluctuate depending on the method used to fix the problem.
Foundation jacking, for example, uses a grout mixture pumped beneath the foundation, bringing it back to its correct position. Because it does not require excavation, it is a more affordable option than underpinning or piering, coming in between $500 and $1,300.
Depending on the damage, you may not have much choice in the repair method.
Type of Foundation
If your home has a basement, the process will require more excavation than it would for a home with a concrete slab. Homes with crawlspaces or pier and beam structures are easier to access and repair.
Home Size
The larger the house, the more equipment and materials that are needed to repair the foundation. Larger homes also weigh more and are more structurally complex. The cost of the repairs will reflect all of this.
Soil Stability
If there is soil contraction, settlement, expansion, or inadequate foundation drainage, costs will rise. Professionals will have to install steel push piers or helical piers to place the home’s weight onto stable supports.
Turn to Expert Foundation Companies
If you see cracks in your home’s foundation, notice the home is sinking, see gaps around window frames and exterior doors, or notice uneven floors, you could have foundation problems.
By turning to experts like us at Foundation and Concrete Services, you can get the help you need. Whether you are struggling with foundation concerns or drainage and plumbing issues, contact us for foundation repair cost averages.
Get a free consultation today!
