According to data collected by Homeadvisor.com, the average cost of home foundation repair is $3,500. However, the actual cost of repair ranged from $1,500 to about $6,000, depending on various factors.
Foundation repair costs are in your hands. You can easily control the amount of money you use to repair your foundation. You simply need to know what affects the costs of foundation repair.
The extent of damage
An important rule of thumb to remember when it comes to foundation repair is that the longer you take to address the issue, the worse the problem becomes. If you notice a problem with your foundation, it is important to contact a professional as soon as possible. This will ensure that the problems are addressed before they develop into serious problems.
The more serious a foundation problem is, the more expensive it is to repair. Although many home owners would not want to spend money on what they consider a small problem, it will save them a lot more to act as soon as possible.
Expert inspection and reports
There is always a temptation to dive into the repair of a foundation to save time and money. Many homeowners don’t bother to obtain a report from a structural engineer or other foundation repair experts. The problem with this is that many issues are missed and the solutions that are applied for repair of the foundation end up being inadequate.
Inspection and reports from experts will help to identify all problems and the best solution for the repair of the foundation.
The method of repairing
The method used has a significant effect on the foundation repair costs. The method of repair is of course determined by the type and extent of damage to the foundation. However, the long term costs should also be taken into consideration when choosing a method.
There are some methods such as piering that seem very expensive on the outset. However, these methods usually provide long term solutions to foundation problems. They are therefore more cost effective over the long run. Methods such as slabjacking may be effective for the short term, but may not offer the same long term benefits. You’ll have to have frequent repair and use much more in the long run.
It is important to have a comprehensive evaluation of your foundation to ensure that you choose a long term and cost effective solution for repair. Contact a professional contractor to find out more.