Never put off needed foundation repair for your home or business, as small cracks and chips in a structure’s foundation typically become larger and more pronounced over time. Cracks, chips, and other forms of foundation damage allow water to seep into a structure, leading to damage of the building’s framework and increasing the risk of mold growth. Sealing up those cracks and chips keeps a home or commercial building dry, protected from structural damage, and supported properly.
Average foundation repair cost for homeowners is typically just over $4000, or between $1800 and $6500. Minor patching of small cracks is often as low as $500, whereas major structural repairs or underpinning might cost over $10,000.
While average foundation repair costs might seem a bit prohibitive, it’s good for homeowners and commercial property owners to understand the importance of needed foundation repair. It can also be helpful to note some signs of foundation damage as well as foundation repair methods, so you know when to call a foundation repair contractor and what to expect with their work. You might also wonder if foundation damage is covered by your homeowner’s insurance!
Cracks in a foundation are normal to a certain extent. Concrete is a very durable substance but it can become dry and brittle or soften over the years, leading to cracks and other minor damage. Heavy rains also create water pressure against the foundation as does a home shifting and settling on the soft soil underneath it, all of which lead to minor cracks.
In most cases, small vertical cracks in a foundation are normal and not a sign of needed repairs. However, if those cracks are extremely pronounced, if your home’s foundation is suffering large horizontal cracks, if chunks of concrete are missing, or if the home’s interior is showing signs of potential foundation damage, it’s time to schedule needed foundation repairs!
As with all home repairs, it’s also good to “be safe rather than sorry” when it comes to residential foundation repairs. Small cracks might not put your home at risk structurally but those openings can allow in added moisture and become very unsightly, so investing in minor concrete crack repair is often worth the cost.
Not all signs of a bad foundation or needed foundation repair are obvious to homeowners, as some such signs aren’t even related to the foundation itself! To ensure you call for needed concrete foundation repair on a timely basis, note some signs that your home has a bad foundation:
While these are typically the most common sign of needed foundation repair, note that this is not a comprehensive list! If you suspect that your home or business needs residential or commercial foundation repair, call a concrete crack repair contractor as soon as possible. A full inspection of your structure will alert you to needed foundation repair and the extent of any damage to the structure’s framework.
Your foundation repair options will depend on the type of foundation holding up your home or commercial structure, the type and extent of damage to the foundation, and if you want to invest in strengthening your foundation against future damage while repairs are made. Note a few foundation repair options for most structures and some price variations for each; as always, remember that these are only national averages. Your exact costs will vary.
Since major foundation repair costs are often a bit steep for most homeowners, many wonder if foundation repair is covered by insurance. The short answer is that homeowner’s insurance typically does not cover the cost of foundation repairs. In most cases, fixing foundation cracks that are the result of age or shifting and settling is considered standard home maintenance.
However, a homeowner’s insurance policy might cover the cost of foundation repairs if the damage was caused by an event covered by your policy. For example, if a plumbing pipe were to burst and flood the basement and cause resultant leaks in the home’s foundation, repairs might be reimbursed by your insurance provider.
Also, if you carry a flood insurance policy and your home’s foundation is damaged by an outside flood, repair costs might then be reimbursed. To find out if foundation repairs are covered by your insurance policy, ask your insurance agent about your coverage and what is included.
Before you decide that you can put off foundation repair for another year, or even indefinitely, you might note 5 reasons why concrete crack repair and other such fixes are so vital. This will ensure you call a foundation repair contractor and have those cracks patched and filled or have your home underpinned as needed.
For all these reasons and more, always invest in needed foundation repair for your home or office.