Foundation Fact: The national average for foundation repair is $4,436 with some homeowners paying as much as $10,000.
In our installments of #FoundationFactFriday, we began with the basics discussing weight of homes and foundations, foundation types, types of soils that effect foundations and common causes of foundations such as cracks and now it’s time to get into the specifics. If you find yourself in need of foundation repair, how much does a service like this cost?
Foundation repair is often cited as one of the top ten most costly home repairs. The average repair cost is $4,436, but can tally upwards to $10,000 or more.
What is included in this cost:
- Structural/Geo-technical Engineer Report: $300 – $500 on average (with upper end scaling $1,000+)
- Building Permit (if required): $75-$150
- Hidden Obstacles (old repair methods, extra-deep footings, or tree roots): $1,000 – $2,500
- Pier/Pile Repair:$1,200 +
In addition to these costs, overages need to be considered for occurences, such as more material needed, drilling deeper snd additional work time to name a few. Moreover, home re-sell value must be considered in accordance with the foundation repair cost. Foundation damage often reduces home values 10-15% if left unaddressed. In order to not break the bank, it is important to protect your biggest investment by taking preventative measures to avoid foundation repair.
Preventative measures to avoid foundation damage:
- Ensure proper grading
- Monitor drainage by cleaning gutters and down spouts
- Maintain mositure around your house dependent on wet and dry weather conditions
- Landscape properly planting trees and shrubs far away from the home
Preventative measures are not fool proof and homeowners can still find themselves experiencing foundation issues. If this is the case it is important to be proactive and swift moving when you notice signs and symptoms of foundation damage, such as cracking.
Call our foundation experts, who will save you money on the front end by providing you a FREE assessment. Schedule your appointment by calling us at 877-770-7050 or fill out this form. Carolina Foundation Solutions recognizes the concern and the anxiety that surrounds foundation issues. Our objective is to help educate, offer guidance and provide assistance. To make the process as easy as possible and take off some of the burden on your wallet, we offer financing options including same-as-cash loans and traditional low fixed interest rate loans. Learn more here.