Monday, July 19th, 2021 by Lydia Peth
Damage to your foundation usually shows up in the form of cracks, leakage, water damage, and chips which can cause further issues such as increased risk for mold and complete damage to the overall framework of your home. Repairing these damages is important for proper protection. Let’s look at the average national cost of these damages.
A homeowner’s typical cost for foundation repair is around $4000 and can range from $1800 to $6500. Minor repairs often range around $500 but some solutions can create reoccurring issues later down the road.
These prices may seem overwhelming, but these are just estimates. Your exact cost will vary based on the foundation of your home or structure. Foundation repair is crucial, so it’s important to educate yourself on when it’s time to get in contact with your contractor about repairs. It’s important to note that homeowner’s insurance is not included in the estimates provided above. Isn’t that a relief! Get in contact with your insurance company when these damages occur, to learn about which types of property damage are covered by insurance policies.