There are a lot of myths floating around about foundation repairs and how much they cost, and unfortunately, we’ve seen stressed-out, hopeless, expressions on new customers’ faces before because of those myths.
They start experiencing foundation problems, we inspect the foundation, and the second we say they need repairs, it’s as if we just yanked their life savings out of their bank accounts.
That isn’t necessary, and it’s not as expensive as you think.
To help put your worries at ease and give you an accurate depiction of what to expect, we are going to go over the average cost for foundation repair and the factors that can influence it, providing you with a complete understanding of the expenses involved in this process.
Let’s get started.
Why Do Customers Worry When They Hear They Need Foundation Repairs?
The main reason that we’ve seen customers instantly feel down in the dumps about foundation repairs is that there’s a big myth about the cost. The worst-case scenario can be fairly bad. However, that’s the worst-case scenario.
Unfortunately, people who have had to deal with such extensive damage, and pay extremely high prices for repairs, tend to be the ones who talk about their experience the most.
Fortunately, that’s not what the vast majority of homeowners have to go through, and panic is unwarranted in most cases.
How Much Do Foundation Repairs Cost?
You can expect to pay a fairly large range of prices for foundation repairs, and toward the higher end of the spectrum, we understand how difficult it can be. However, most of the time, the cost of repairs is reasonable.
We can’t speak for every company. There are different price standards in different regions, which means that the average cost for foundation repair can vary. Different companies charge more or less due to their business models, and there are other factors to consider.
However, our foundation repair invoices range from $3,000 to $60,000 depending on the scope of work desired.
Most customers end up spending closer to the lower end of that price spectrum. The nationwide average cost for foundation repair is $4500.
What Affects Your Foundation Repair Costs?
$3000 to $60,000 is a massive leap. So, what exactly determines what you’ll experience?
Well, it mostly comes down to the extent of the damage and what type of work you want to be done.
If you catch any issues with your foundation early, such as cracks or signs of serious ground shifting, you should expect to stay around the $3000 mark, and if the damage is a bit more extensive, $7000 to $10,000 is more realistic.
When you start getting into the tens of thousands of dollars range, the damage is usually so extensive that the entire home is being affected, and other issues have been neglected for years. Sometimes, neglect could have been taking place for decades.
You can also expect it to be far more expensive if you decide you want a fresh start, and you simply want the entire foundation replaced regardless of how much it would cost to repair it.
Sometimes, that’s a valid option when you have the money for it, and it does save you decades’ worth of headaches.
While no one wants to spend even $3000 getting their foundation repaired, we think we can all agree that it is far better than the horror stories that people have been spreading for decades.
As you can see, the only times you should expect to pay tons of money are if you’ve had the problem for a long time or are looking for a completely fresh start.
What Does the Cost of Foundation Repairs Cover?
Foundation repairs come in a variety of forms. On the lower end of the spectrum, you can expect basic crack filling, chemical ground treatments, and minor lifting and stabilizing.
Toward the middle of the pricing, spectrum is where you start to see more extensive pier and anchor systems, lifting, leveling, replacing pillars, and similar repairs either in isolated areas or across the entire foundation.
For those, services can take a day or a few days depending on the work being done, and extensive digging might be necessary around the edge of your home and in anchor locations to do the work.
As the price rises, you’re looking at a few days to a week’s worth of extensive replacement work or near-replacement levels of repair. While that is the worst-case scenario, you certainly get your money’s worth regarding labor, expertise requirements, and overall long-term results.
How Can You Handle the High Price of Foundation Repairs?
Toward the lower end of the price spectrum, we’ve noticed that a good number of our customers can rely on their savings or spend a short while saving up money to afford minor repairs outright.
However, we also know that the minimum of $3000 can be too much for just as many of our customers, and the higher the price gets, the less realistic it is for customers to pay out of pocket.
Luckily, you don’t have to.
Even if you end up needing $20,000 worth of repairs, there are options at your disposal to help cover the costs.
First, have the inspector determine the cause of the damage. If it was caused by a natural disaster, you might be able to leverage your homeowner’s insurance, flood insurance, or similar policies to pay most or all of the cost of repairs.
Unfortunately, that doesn’t cover most repairs since foundation problems are usually natural and age-related.
If that ends up being a problem, financing is always an option.
Not all service providers offer financing, but we partner with WiseTack to bring affordable, flexible, and reliable financing options to our customers.
You apply online, fill out basic paperwork, and you’re offered terms and conditions. If you agree, your repairs are paid for, and you just make monthly payments until the debt is paid off.
This is crucial because whether you need minor repairs and can’t afford them, or you need extensive repairs few people can afford, you can still get your foundation fixed immediately and spread out the costs over the years.
Get the Best Foundation Repairs with PermaTech Foundation Repair
Now that you know the average cost for foundation repair, you want to make sure that any repairs you have done are done properly and made to last.
You will get that reliability with PermaTech.
PermaTech Foundation Repair offers the highest quality foundation repairs in the Dallas, TX region. With our easy-to-use financing options, top-quality service, and industry-topping warranty, you can trust that this stressful time is made easy.
Get in touch with us today.
