Foundation repairs are quite expensive, but the rationale behind this is often uncovered. Many factors go into estimating a foundation repair project’s overall cost. Different repair work comes with different cost estimates. In explaining repair costs, we will outline why foundation repairs can be costly and contrast residential and commercial foundation repairs.
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How much does a foundation repair cost?
According to a study carried out by CostHelper, a popular financial resource, the cost of repairs for a house with normal foundation damage is between $8,000-$12,000. This cost can also go as high as $20,000-$30,000 as most home insurance policies do not cover foundation damage.
The repair cost of a foundation depends on various factors which include; type of material to be used, the type of repair to be completed, and the extent of the damage. Installing pilings differ because of different prices by constructors, the installation method, the market, and the foundation type. Listed below, you will find general ballpark pricing per unit piling for various underpinning foundation repairs using different piers.
|Underpinning System||Cost per Piling|
|Steel Pier||$950 – $1600|
|Helical Pier||$1400 – $2100|
|Drilled Pier||$700 – $950|
|Pressed Piling||$800 – $1350|
|Cable Lock ST+||$1100 – $1250|
Using the above table as a frame of reference, if your home foundation repair requires 12 support piers, the cost falls between $9,500 – $15,000.
Why do foundation repairs cost so much?
The cost of foundation repairs is quite high. Several factors should be considered when estimating the cost of a foundation repair, and they all directly affect the total cost of the foundation repair. One of the many factors that directly increase the cost of foundation repairs is how many piers will be needed.
The average foundation repair cost in the United States is around $4,511. Smaller faults such as fixing cracks are quick, cheap, and easy to fix compared to a foundation leak or sinking, which are more expensive. Here are some of the major repair work done and their costs:
- Foundation Crack Repair: Crack repairs are quite simple and often not permanent. These cracks are generally fixed by injecting the cracks with flexible epoxy injections. The average cost for crack repair is $620 per 10-foot crack. A 10-foot crack requires a minimum of 29 injection ports.
- Foundation Leak Repair: The damage repair cost for foundation leaks cost between $2,500 and $5,000 on average. Most times, leak repairs are done together with crawl space foundation repairs. Often, stagnant water causes rotting and directly affects the floor joists. This type of repair cost from $1,500 to $15,000, depending on the extent of the damage.
- Sinking Repair: This type of foundation repair is the most expensive of all the repairs. The most important factor to consider is how many piers would be needed. This factor is dependent on the submission of a full report done by a structural engineer. This cost usually varies anywhere from $300 to $1,500 on different piers structures. If a soil report is also needed, an additional $500 to $3,000 is incurred.
How to Find Qualified Structural Technicians to Price your Repair
The huge cost of foundation repair warrants getting it right on the first go. Choosing the right experts to assess and properly solve your foundation problems is paramount to effectively fixing your foundation problems. Although unqualified technicians provide cheap solutions to foundation repair, their work rate and quality are often not dependable.
The best option for your foundation repair work is to seek the services of a qualified structural technician or a reputable company, as they prefer solutions aimed at delivering long-term results
The Evaluation for the Average Cost of Foundation Repair
The average is recorded for 2021 is pegged at $10,964. This value is not fixed as it depends greatly on the extent of damage to the foundation and its location. Often, the process of trying to determine the cost of foundation repair without an exhaustive structural assessment poses a great challenge to homeowners. The building style of the home, severity of the damage, soil conditions are important factors to consider.
Residential vs. Commercial Home Foundations Repair Cost
A huge gap exists between the cost of residential home foundation repairs and commercial homes. This variation in cost can be attributed to various factors, including the structure and build of the building. A commercial foundation repair can cost up to 25,000 or more. The most crucial task needed to be done to check out the extent of damage, and this needs to be done as soon as possible. It would help if you considered getting expert opinions from a foundation repair company or an independent structural engineer.
Is the cost of foundation repair worth it?
Whether commercial or residential, the true value is in its longevity and continuity. Opting for the right and cost-effective structural engineer to deal with your various foundation faults is important in preserving the lifespan of your building. Foundation repair costs form one of the high spikings but the very necessary cost to be incurred as it endangers the safety of your building and its inhabitants. Choose the right remedy method and foundation company for your foundation today.