Foundation repair costs can vary greatly depending on the extent of the damage, the type of foundation, and the location of the home. While it can be daunting to think about the potential costs associated with foundation repair, it’s important to address any issues as soon as possible to prevent further damage to your home.
Here is a breakdown of the average costs associated with foundation repair:
Minor Cracks: Minor cracks in your foundation can typically be repaired for around $500 to $1,000. These cracks are often caused by minor settling and can be easily fixed with epoxy injections or minor patching.
Major Cracks: If you have larger cracks in your foundation, the repair costs can range from $1,500 to $3,000. These cracks may be caused by more significant settling or foundation movement and may require more extensive repairs.
Foundation Underpinning: If your foundation needs to be underpinned, the cost can range from $5,000 to $10,000 per pier. Underpinning is a process that involves strengthening the foundation by adding support piers to stabilize and lift the foundation.
Foundation Replacement: In extreme cases where the foundation is beyond repair, the cost of foundation replacement can range from $20,000 to $30,000 or more. This involves completely removing the existing foundation and building a new one from scratch.
Waterproofing: Waterproofing your foundation can help prevent future damage and costs around $2,000 to $6,000 on average. This includes installing a drainage system, sealing cracks, and ensuring proper drainage away from the foundation.
It’s important to keep in mind that these are average costs and your specific situation may require more or less extensive repairs. It’s always best to consult with a foundation repair specialist to get an accurate assessment of your foundation issues and a detailed cost estimate.