Residential Foundation Repair Costs

home with dollar sign embeded

When it comes to residential foundation repairs, the number one question asked is – How much does it cost?

Many of us also think about our home that is in need foundation repairs and think of how much of a hassle it can be to have it repaired. The first step is early detection. At the first sign of damage, you should contact a foundation repair contractor right away for an inspection and foundation repair costs estimate. Foundation problems do not go away, they will not fix themselves. You first must have the foundation inspected and the damage assessed by a professional before supplemental damage occurs.

How do they come up with an estimate?

Foundation repair contractors and professional foundation engineers take many factors into consideration when assessing your foundation for repair. After the initial inspection, they will gather the facts, decide on a mode of repair and determine how long it will take to fix the foundation. With this information in hand, the foundation professional will then review outside factors that may influence the repair. These factors include the weather, driveways or patios, landscaping, street creep, as well as the slope of the land surrounding the home’s foundation.

Before committing to a foundation repair contractor, you should get some references from other homeowners and preferably the engineering community. Simply getting three estimates and accepting the cheapest may not always be in your best interest. Generally, your home is your most valuable asset and should be treated as such. The type of foundation repair materials and the contractor’s experience and reputation should weigh heavily in your decision-making process. Sometimes it will be worth it to pay more in order to get a better quality job and often times your long-term costs will decline with this approach. Remember, it will cost you more to have the job redone due to inferior work. Another factor that will determine the cost is the area in which the damage is located. Certain locations of the foundation will cost more to repair than others.

Save Money on Foundation Repair Costs

Foundation repairs do not have to cost a lot of money. Yes, they can be expensive but, if you catch the problem early you will generally save some money. Many foundation repair contractors offer payment plans or Same-as-Cash financing to help relieve the burden of major repairs. Home equity loans are another source of monies to spread the burden over time.

So, how much does foundation repairs cost? Well, that is like asking how much does an airline ticket cost. It depends on when, where, why and how. Do your research and then contact a foundation repair contractor or foundation engineer and they will help you answer this question for you and your home.