Foundation problems can start out as minor, but left unchecked, they can quickly spiral into major repairs. The cost to repair your foundation depends on several factors that influence the final price. At Tom’s Basement Waterproofing, we have helped homeowners and business owners across Michigan with our affordable foundation repair and basement waterproofing services. Let’s take a closer look at some of the factors that can influence the cost to repair your home or business foundation.
Key Cost Drivers of Foundation Repair
When a foundation needs to be repaired, there will be several drivers of cost that influence the final bill. These include:
- Severity of damage
- Soil conditions and type of soil
- Repair methods used
Cosmetic damage, for example, hairline cracks in a foundation, might only cost you a small amount to repair. Major foundation damage, like structural shifting, on the other hand, is much more expensive to repair. Signs of severe damage to your foundation include:
- Bowing walls
- Uneven floors
- Doors that don’t close
Soil condition and the type of soil your foundation rests on are also influential. Clay soils expand and contract with groundwater, putting pressure on foundations, often leading to more frequent and severe damage to your foundation. Rockier soil may require different support systems or excavation techniques to stabilize and repair a foundation. Finally, the repair method used for your foundation will significantly influence the total price. Foundation piering, for example, is a method used to stabilize a foundation and may cost anywhere from $1000-$3000 per pier. Slabjacking can be a more affordable option for some foundations and is a less invasive solution in many cases. Let’s examine how you can budget for your foundation repair and some payment options.
Financing Options for Foundation Repair
Homeowner’s insurance usually doesn’t pay for foundation repairs unless a covered event, like a flood or fire, caused the damage. Since foundation repairs can be expensive, many providers offer financing options to break up the cost of repairs. At Tom’s Basement Waterproofing, we proudly offer our customers flexible payment options and financing, ensuring you can afford and plan for major foundation repairs.
What to Look for in a Foundation Repair Provider
Since foundation repair services can be a significant investment, it is important to ensure the contractor you choose is licensed and capable of performing the necessary foundation repairs. We also recommended that you get multiple estimates of what the work will cost before the job begins. Always verify the contractor’s credentials before allowing work to begin by:
- Checking BBB ratings and reviews
- Checking Google reviews
- Checking that contractors are licensed and insured
It can also be helpful to ask neighbors or friends who have had foundation work completed to see if they can recommend a reliable contractor for your foundation repairs. Since 1975, Tom’s Basement Waterproofing has helped homeowners and business owners with our affordable and effective foundation repair services. Contact us today to get an estimate on what it will cost to have your foundation repaired.
Get Help With Affordable Foundation Repair From Tom’s Basement Waterproofing
To get started with an estimate on what your foundation repairs will cost and explore your payment options, contact Tom’s Basement Waterproofing today at (586) 949-7826. Our team can walk you through your options for major foundation repairs and help you find an affordable solution for your foundation damage.