Hello World! Welcome Friends! The average foundation repair cost is around $5,250 or ranges somewhere between $2000 to $8500. You can spend as little as $150 to as much as $52,000 on repairing your foundation. Your foundation plays a critical role in providing support to your home and maintaining its structural integrity. Any impairment to the foundation can lead to serious long-term problems throughout your home. It is important to figure out these problems on time to avoid costly repairs. In this blog, we will analyze the average costs of repairing foundations in the U.S. based on the following:
- Type of damage
- Type of repair
Factors Affecting Foundation Repair Costs
Numerous factors affect the cost of repairing the foundation. Some problems need more budget to be fixed while others require merely a few bucks. Here are some factors that might affect the costs of repairing a foundation:
Home Size
The bigger the size of your home, the more your foundation repair project will cost.
Foundation Material
The type of material used in fixing foundation damage also affects the foundation repair costs. For instance, the cost of buying an epoxy for filling cracks is $35 and that for purchasing a wall repair kit is $575.
Labor
The average budget for hiring an expert to repair your foundation ranges from $45/hour to $200/hour.
Foundation Repair Costs Based on Type of Issue
The type of problem prevailing in your foundation is crucial for determining the cost you have to pay for its repair. Smaller problems like little gaps or cracks can be fixed on a low budget. However, the cost increases with the severity of the problem.
Cracks and Gaps
Repairing cracks requires a really small budget of around $150 to $200. You can use epoxy, hydraulic cement, or other waterproof materials to fill small cracks, gaps, or leaks. Sometimes, you can resolve these issues with a small DIY repair that costs almost nothing. However, for larger cracks, you need to hire skilled professionals.
Sinking Foundation
Foundation settlement and repairing a sinking foundation and approximately $5300 to $17000. A sinking foundation, resulting from inadequate soil and improper drainage, can compromise the structure of your foundation. This type of foundation repair is usually the most expensive.
Before repairing your foundation, you should test the soil and its moisture levels to figure out the best repair method. Average soil testing costs are about $75.
Leaking Foundation
You might need to spend $2000 to $7000 or $3 to $10 per square foot to fix the leak and waterproof your foundation. Small leaks can be fixed on a small budget. But larger leaks for which you have to replace your drainage system are costly.
Bowing Walls
Fixing bowing walls or foundation shifting of less than two inches needs a budget of $4000 to $15000. Poor drainage, shifting soil, and accumulated groundwater exert hydrostatic pressure against the foundation or basement walls. As a result, the walls bulge or bend inwards. Installing piers or reinforcing such walls with fiber or steel strips can keep them from breaking. Steel strips are more expensive than fiber ones but more suitable for bigger reinforcements.
Crumbling or Erosion
Repairing a crumbling or eroding foundation costs around $1000 to $15000. Your foundation can crumble due to many reasons, including:
- Aging
- Sinking
- Sudden jerk like a landslide
Using polyurethane and epoxy fillers to repair crumbling foundations costs as low as $500 to $1000, but if you need to reinforce your foundation, you should have a budget of approximately $15000. Similarly, installing new downspouts to direct water away from your home can cost around $10,000. However, if the problem is arising due to soil erosion, you have to resolve this problem first by filling the surrounding area.
Foundation Repair Costs Based on Repair Method
Now that you’re well aware of the type of problems, you need to have an understanding of the types of repair as well. Let’s find out the budget for different foundation repair methods:
Concrete Slab
The concrete slab method repairs leaks and costs $3100 on average. Fixing small leaks using this method costs about $1200. On the other hand, the price for installing concrete slabs for repairing larger leaks is approximately $4000.
Underpinning
Underpinning or piering involves installing piers into the ground to provide your foundation some extra support. Underpinning costs depend on two factors:
- Number of piers being used.
- Type of piers being used.
Piering costs range from $700 to $2100, depending on the number of piers to be installed. Normally, a home basement has 8 to 12 piers.
Helical piers are suitable for most homes and soil types as they cause minimum disruption to landscaping. On the contrary, hydraulic piers require a hydraulic pump for installation, are more disruptive to landscaping, and are more expensive than helical ones.
Mud Jacking
Mud jacking or slab jacking for an average home of 2400 square feet costs around $7000 to $ 50,000. It involves pumping a material beneath sunken concrete to lift it. Slab jacking can help you save half of your money as compared to replacing a new concrete slab.
Concrete Jacketing
The budget for concrete jacketing is approximately $4000 to $ 13,000. As mentioned earlier, it is the most effective solution for bowed walls. You can use steel or carbon fiber materials for reinforced concrete jacketing. If you have a limited budget, go for carbon fiber jacketing instead of steel strips.
Foundation Replacement
Complete foundation replacement is the ultimate solution for extreme foundation damage. You need a budget of around $20,000 to $100,000 for this purpose. It is the most expensive repair method in which trained professionals to lift your home, demolish and jack up the old foundation, replace it with a new one, lower the home, and reconstruct the surrounding soil. However, you can avoid total foundation replacement with timely repairs and proper maintenance.
Conclusion
On average, foundation repair costs around $5,250, depending on the type of damage and repair method being employed. Factors affecting the costs of repairing a foundation include labor, foundation material, and the size of your home. Costs for repairing a foundation based on the type of issue range from as low as $150 for filling small cracks to around $17000 for fixing a sinking foundation. Similarly, the cost-based repair method typically ranges between $700 and $50,000.
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