How Much Does Foundation Repair Cost?

Everyone who needs foundation repair wants to know about cost. And that’s not surprising, since structural issues have a reputation for being expensive to correct.

However, as any responsible contractor will tell you, estimating the price to fix a damaged or settled foundation is impossible without an in-person inspection. Many variables play a part in determining the scope of any repair project, so cost cannot be predicted.

Foundation Repair Cost

The good news? Not all repairs involve major reconstructions. So, the cost to fix your foundation may not be as high as you fear. 

Factors that Affect the Cost for Foundation Repair

The price you pay for foundation repair will depend upon your particular situation. 

Generally speaking, the smaller the structural problem and the easier it is to access the settled portion of the foundation, the less you’ll be charged for repair work. But, several other factors can also impact the overall cost.

The type of foundation you have and the level of instability of the soil underneath can affect the price. And, if hidden obstacles are present – such as tree roots or deep footings – the cost will be higher. 

In addition to the complexity of fixing the problem, other variables can add to the cost. For example, many projects require building permits, evaluations from structural engineers and soil reports from geotechnical engineers. And, if you live in an earthquake-prone area, you can expect to pay more for structural repair work. 

What Other Homeowners Pay for Foundation Repair

Still want to know the average cost to repair a foundation? 

According to HomeAdvisor.com, an online home improvement marketplace, the national average cost for foundation repair is $3,963.

But, this alone doesn’t paint a clear picture of what homeowners actually pay for repair work – there’s quite a wide price range.

On the low end, fixing a small crack might cost just $500. For a home that needs major foundation work, the repair can cost upwards of $11,000 – and some projects can run much more than that.

Foundation Repair Financing Options

Worried about how you’ll pay for foundation repair? You don’t have to have cash in the bank – several financing options are available.

A home equity loan or line of credit (HELOC) may be a good option if you’re in a position to borrow against the equity of your home. If not, depending upon your circumstances, you may be able to get a government loan through the Federal Housing Administration (FHA) or the Rural Housing Service (RHS).

You could also consider getting a personal loan from your bank or credit union. Or, split the repair work into equal payments by using a new unsecured, interest-free credit card. Many foundation contractors also offer attractive financing options.

At Atlas Piers, we understand that the cost of fixing your foundation problems is a big concern. Rest assured, we strive to provide high-quality work and exceptional service at an affordable price. To schedule a free inspection and estimate for foundation repair in Utah, Nevada or Wyoming, contact us today.

Speak Your Mind

*