How Much Can I Expect to Spend to Fix My Foundation?

One of the burning questions homeowners always have concerns the cost of repair. Which is natural. Money is a big deal, and so is your home. When you purchased your home, you made a long-term investment. So, when it needs work, you want to make sure you’re using the best, cost-effective solutions. 

To give you a general idea, average home improvement spending is around $7,500, and most homeowners pay between $4,000 and $10,000 for foundation repairs. Some average foundation repair product prices include $1,000-$3,000+ per foundation pier, $500-$1,300+ for leveling/slab jacking, and $2,000-$6,000 for sealing/subfloor drainage. 

Check with your insurance carrier regarding any concerns with repair needs and insurance coverage, as all policies are different. Some policies cover losses from fires, but many exclude coverage for issues such as foundation cracks or settling. Coverage may kick in, however, if the foundation has been damaged from other problems like broken plumbing, for example. (Source: SF Gate) 

All that being said, no two foundation problems are alike. Every home is different and requires its own unique repairs. There’s a lot to consider with foundation repair such as the extent of damage, area needing to be repaired, square footage, material needed, etc. This differs from company to company. So be sure to have a thorough discussion with your contractor about pricing and payment.