How Much Will Foundation Repair Cost?

When it comes to foundation repairs, the first question asked is– How much will it cost me?

To be honest, it depends. Many of us think about the hassles of foundation repairs. From the cost to the time, the potential mess, etc., it would be great if repairs could be avoided. Unfortunately, foundation problems do not fix themselves. Therefore, avoiding even minor foundation issues can lead to more severe problems. And inevitably, costs will increase if there are more significant underlying problems. The first step is early detection. For instance, when you notice foundation damage such as wall cracks, sticking doors, or bowing walls, you should contact a foundation repair contractor right away.

How Do Contractors Come Up With An Estimate?

As a foundation repair contractor, Midwest Structural Solutions will consider many factors when assessing your home or business's foundation. After the initial inspection, we will decide on a mode of repair and determine how long it will take to fix the foundation. With this information in hand, our team members will consider outside factors that may influence the repair, such as the weather, soil types, driveways, landscaping, and the slope of land surrounding the home's foundation.

On average, repairing a failing foundation for a residence is between $5,000 and $9,000, assuming there will not be any additional problems to fix. Although the average is around $8,000, simple jobs can be as low as just over $2,000, while complex jobs might push closer to $20,000. There are varying factors regarding foundation repair costs, and the average cost constantly changes. This is why contacting a professional foundation expert is vital to ensure that all factors are considered. Furthermore, check to see if financing is available as well.

HomeAdvisor said most homeowners paid around $4,405 to repair foundation issues in 2020. However, every project differs. For instance, minor cracks can cost as few hundred dollars, while more involved projects might cost over $10,000.

Potential Additional Costs

In addition to the principal problem, other variables can add to the cost of foundation repairs:

You Get What You Pay For

Remember, repairing your home is one of the areas where you get what you pay for. The benefits are endless, whether it will add value to your home, whether your home becomes safe to live in, or whether a future homebuyer will be more apt to purchase a home with fixed repairs. Investing in your home is an asset as it is the foundation you live on. Although financing can be a struggle, our partnership with Hearth Financing can make the decision hassle-free.

At Midwest Structural Solutions, we like to say "that a home is only as good as its foundation." We are deep-rooted in foundation repairs and are considered a trusted construction partner in the tri-state area where Indiana, Illinois, and Kentucky meet.