There are a number of different problems that warrant foundation repair. One of the most common is foundation settlement, which can lead to cracking and unevenness. Fortunately, it is possible to repair your home’s foundation without tearing it out and starting from scratch.
Below is a brief breakdown of the costs of a foundation repair.
Foundation repair costs differ greatly from area to area and depend on the nature of your repairs. However, it is worth noting that the average homeowner in the United States paid around $4,500 for their repairs last year. Indeed, most homeowners paid between $3,500 and $5,500 for their work.
To understand how much foundation repairs cost it is necessary to break down the repair process. This process generally includes four major steps.
Formal Inspection: An official inspector will need to come out to your residence and assess your problem. They will be able to help point you in the right direction regarding your next steps. This can range from hiring a mason to fix a few cracks to hiring a structural engineer for a full-blown repair. The cost of an inspection usually ranges from $500 to $1000.
Estimates: The next step in the repair process will be to seek out estimates. Talk to a handful of local contractors and get their quotes. As always, be sure they are licensed in your local area. It is also a smart idea to seek referrals from friends, family members, and coworkers before taking a blind stab into the dark with a contractor you know nothing about.
Basic Repairs: If you lucked out and your damage was relatively minor, then you will get by paying for only basic repairs. This usually consists of patching cracks. Work of this nature will range from $100 up to about $2000.
Major Repairs: Those that are less lucky will need to foot the bill for major repairs. This often includes excavation, pouring new concrete, installation of new reinforcement, drainage work, and adding new soil to the foundation area. If you are unluckier still and your foundation caused shifting, then you might have to deal with additional structural issues that can rack up costs even more. Expect to pay between $3000 and $6000 for major foundation repairs.
A number of additional costs can go along with your foundation repairs. These include things such as:
Plants and Landscaping: Trees and other plants often have to be removed in order for the foundation to be repaired. In fact, these plants themselves can sometimes be the cause of trouble. As is the case of old and powerful tree roots breaking through the foundation. This type of a removal job works out to about $150 an hour when done by a professional.
Attached Structures: Like trees and plants, structures such as garages and decks can become a problem during foundation repair. A contractor should be able to look at your situation and let you know if additional money will need to be spent to work around these structures.
So How Much Does Foundation Repair Really Cost?
The cost of a foundation repair will vary for everybody. It really comes down to your city and state as well as the extent of your damage. Use Contractors.com to find a reputable contractor area in your local area to give you an accurate quote