Cost of Foundation Repair
Finding out that your home requires foundation repair can be quite a shock. As many homeowners already know, the cost of foundation repair can be staggering, especially if you are not wise in choosing your contractor for the job.
In order to better understand the cost of foundation repair, it is best if you first understand exactly what you are paying for, and the factors that may contribute to foundation repair cost.
Type of Foundation Damage
Small Vertical Crack in Poured Foundation
If your foundation has recently been poured, it’s possible that the type of damage that you have will be visible as small, vertical cracks that run at a slight angle in your foundation. This type of damage is caused by the shrinkage that occurs in drying concrete during the curing process. In the majority of cases, this type of damage is relatively inexpensive to fix.
Horizontal Crack in Concrete Block/Brick Foundation
In concrete block or brick foundations, the direction of the crack in your foundation will allow you to find the cause of the damage. Horizontal cracks mean that your foundation is being subjected to lateral pressure. This means that the ground around your house will expand when wet, and contract when dry. This type of foundation damage is usually fairly serious, and can be very expensive to fix.
Vertical Crack in Concrete Block/Brick Foundation
If your foundation has several visible vertical cracks, this can mean that your foundation is having “settling” problems. This is usually caused by unstable soil conditions, which may cause your foundation to rise or fall in certain areas of ground. In most cases, damage to a foundation caused by settlement can also be visible in other areas of your home, such as in door and window frames.
Per Repair Estimates
Depending on the contractor that you choose to ask, the cost of specific repairs to a foundation may vary. It’s always best to consult at least three contractors about your home, in order to ensure that you are getting a fair price. Here are some general prices of the costs involved in foundation repair:
- Inspection and Examination by a Foundation Repair Contractor - $300 – $800
- Detailed soil report - $500 – $2,000
- Simple Poured Concrete Crack repair - $400 – $800
- Replacement of total area of basement floor - $200 – $400
- Earthquake Reinforcement with Anchor Bolts - $1,500 – $3,500
- Steel or Concrete Reinforcement Piers (per Pier cost) - $1,000 – $3,000
Average Total Cost
The total cost of foundation repair can vary, though is largely dependent on the type and extent of the damage. In general, the most common type of damage to foundations is damage that results from settling.
- Underpinning of a house, per corner - $3,500 – $5,000
- Moderate foundation damage, base price - $8,000 – $12,000
- Moderate foundation damage, average maximum cost - $20,000 – $30,000
Most homeowner insurance policies will not cover the cost of foundation repair, unless you specifically researched a policy that included that type of coverage. However, many foundation repair contractors will offer financing options.