Foundation problems are easy to detect in older homes and some newer ones as well. Floors that shift, cracks in or Sheetrock and tiles, as well as doors and windows that are hard to open are all signs that your home has foundation problems, and may require repair before literally destroying your entire home. It is extremely important to determine the cause of your foundation problem.
With time and without any action, foundation repairs can get increasingly more complicated and costly. Plumbing is usually the system that suffers the most, especially where the house meets the ground. Here pipes can undergo severe stress and can end up leaking or bursting aggravating the situation further.
Where do you start?
Just hiring a structural engineer or a foundation repair contractor to conduct an inspection and supply you with a report can cost anywhere from $400 to $900 just by itself. However, since soil is the root of most problems, you may need a geotechnical engineer to obtain a soil report. The price can vary anywhere from $650 to $3,000, depending on the difficulty of the problem and the extent of detail that is needed in the analysis.
Do other foundation repairs cost more?
Even a poured concrete foundation with a simple crack reflecting the amount of damage can cost between $600 and $1000 to repair. Your complete basement floor can be replaced for a mere $200 to $400 more. However, the price shoots up in areas at risk for earthquakes, with you paying $1,800 to $3,800 or more to have anchor bolts installed to reinforce the foundation.
Some foundation repairs require adding either concrete or steel piers to deeper, more stable soil to support the foundation.
The price reflects which type of pier installed, the depth they have to go before reaching soil that is stable enough to hold, and the labor wages for a worker in your area. For just a single corner of your home to have support piers set can run $3,800 to $5,500 or even more.
When placed between six and eight foot apart usually, at $1,500 to $3,800 for just one the price of piers can add to the bill that seems to never quit rising. A common house with average amount of damage to the foundation often start off around $8,000 to $12,000 but can top off as high as $23,000 to $34,000, foundation repair costs are not cover by most homeowners insurance policies.
Can one get financial assistance?
Most well established companies do offer in house financial programs that can allow the work to start right away and be paid over time. Often some of the sources of funds include home improvement loans, personal loans, remodeling loans, reverse mortgages, and credit cards. With some low-rate credit cards, the interest rates maybe more beneficial than other financial solutions.
By fixing the problems correctly the first time you can prevent further damage due to your foundation issues from reoccurring. Always call a reputable Foundation Engineer to guarantee that you are getting the best service for your money.