We’ve saved the best for last, so to speak. The matter of cost is one of the most common concerns we hear from homeowners. And rightly so. Your home is a significant investment and your most valuable asset, so you want to make sure you’re using quality, yet cost-effective solutions to protect it.
There’s a lot to consider with repair projects such as the extent of any damage, square footage and material usage. That’s why it is crucial for one of our inspectors to physically visit your house and look at exactly what is going on with the foundation. The inspector will customize the solutions to your specific needs. No two foundation problems are alike. Every home is different and requires its own unique repairs. Our solutions simply are not “one size fits all.” So, what may have worked for a friend or neighbor might not be what your home needs.
To give you an 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 are $1,000-$3,000+ per foundation pier, $500-$1,300+ for leveling/slabjacking, and $2,000-$6,000 for sealing/subfloor drainage.
Foundation issues typically are not covered by homeowners insurance. Some policies may cover losses from fires, but many exclude coverage for things like foundation cracks or settling. Coverage may kick in if the foundation was damaged because of other problems like broken plumbing. (Source: SF Gate) If you are concerned with repair needs and insurance coverage, be sure to check with your insurance carrier, as all policies are different.