How Much Does Foundation Repair Cost?

How Much Does Foundation Repair Cost?

If you’re in the process of buying a home, one of the first things you’ll do is hire an inspector. If the inspection reveals some costly problems, you can just walk away. But what happens when you already own a home and discover some unsavory issues?

Foundation problems can creep up on you. And once you identify them as such, the best thing you can do is repair them as soon as possible. If “repairs” sounds a lot like “$$$” to you, remember: high quality work doesn’t always come at an exorbitant price.

Average Foundation Repair Cost

As any responsible repair company will tell you, it’s impossible to estimate the exact cost of foundation repair work because of the variety of factors involved in the evaluation process. We can’t provide an exact estimate without evaluating your home, but the average cost to homeowners in Dallas – where many homeowners experience foundation problems due to frequently shifting soil – isn’t usually as expensive as you might fear.

Home Advisor’s cost guide reports that most homeowners in Dallas pay an average of roughly $5,300 on foundation repairs. Keeping in mind that this is an average, some repair work costs around $2,500, while other repairs in the Dallas area may hover around $10,000. In some severe cases, the cost may be double the average.

Price-Affecting Factors in the Cost of Foundation Repair

It bears repeating: a trustworthy repair company will never give you an estimate without first inspecting the property and evaluating the situation. That’s because there’s such a wide variety of factors that go into the final estimate.

Factors that may impact the estimate that you receive include:

  • The extent of the damage
  • Location of the damage
  • The type of foundation in your home
  • The method used for repairs
  • The soil surrounding your foundation
  • The method used to create a price range

Because this repair is an investment, we recommend comparing at least four repair companies before you decide on the most appropriate service for your situation. Ask a variety of questions: what method of foundation repair will be used? How will you be charged? Some companies may add on extra charges after the repairs begin, so make sure you understand how the price is determined before agreeing to work with any company.

How to Estimate Foundation Repair Cost

You don’t want to be caught off-guard by a final price that’s nowhere near your initial estimate, so we recommend a thorough foundation inspection that covers the entire home – that way, you’ll get the most accurate estimate possible.

A really thorough foundation repair company will base their estimates on a full home elevation profile. This profile will help the company determine the location and severity of the damage, as well as any potential challenges that might impact the repair process.

Being Proactive about Foundation Repair Can Curb Costs

Foundation damage can cause your home a whole slew of problems – especially if you don’t have repairs done immediately. Instead of stressing out about the thought of an expensive repair job, be proactive: call up a reputable foundation repair specialist in your area (hint hint) and ask them to inspect your home.

The trick is to compare local options and make sure your property is inspected thoroughly – then you can bank on those estimates, and you’ll save your home from even more intense damage in the future.