Of all the problems that can strike at home, foundation issues have to be the most stressful. Arising cracks or unexplained settling are two things homeowners would rather not deal with. Sadly, for new and old homeowners alike, these problems aren’t as unusual as we’d like to imagine.
All houses can fall foul to foundation problems at some stage, and addressing these quickly is vital for ensuring they don’t become significant setbacks. That’s vital given that ongoing foundational issues can compromise your home’s structure, as well as knocking as much as 10-15% off the resale value. Luckily, that’s money you can save by addressing foundation issues as soon as they arise. Before you do, though, you might want to consider the following foundation-based pointers.
Is foundation repair covered by insurance?
Before even considering how much foundation repair costs, it’s important to discuss whether your homeowner’s insurance covers them. You don’t need to be a genius to work out that, even when you catch them early, foundation repairs could set you back a fair amount. Insurance coverage could, therefore, take the sting out of this issue and ensure you’re able to address it sooner.
In general, most insurance policies will cover some forms of foundation repair, but not all. Most often, repairs that policies will pay for include –
- Sudden events that compromise home foundations, including storms, fire, and vandalism. Note that you may need to add supplementary additions in some cases to ensure payouts.
- Most policies provide coverage for foundation issues caused by water damage and flooding from broken pipes within your home. Do note, however, that few policies include damage caused by flooding from local water mains or sewers.
- Most policies will also cover foundation repairs in the case of earth movements such as landslides, sinkholes, and earthquakes.
By comparison, foundation repairs that aren’t typically covered include damage from soil expansion or poor initial construction. Note, too, that getting to the bottom of foundation problems in itself can be costly, so you may have to pay some money upfront regardless of the cause before you can prove your insurance company’s obligation to help.
How much does it cost to fix the foundation of a house?
With the restrictions mentioned above in mind, you may be wondering how much you’ll need to pay if your insurance company doesn’t help out. The prime question is, therefore, how much does foundation repair cost?
The good news is that, while extreme foundation repairs can set you back as much as $10,000, catching issues early means you shouldn’t spend much more than the average $4,000 on this. While still a fair sum of money, this ballpark figure is a lot lower than many homeowners expect, and it can be a huge relief when you’re expecting extreme work.
A reliable foundation repair company will offer an affordable, comprehensive package, with costs including investigation, repairs, and clean up.
To further understand what kinds of pricing you might be looking at for your particular foundation repairs, you might also want to consider the costs typically attached to each foundation-based job, including –
- Foundation crack repair – $250-800
- Settling foundation repair – $500-63,000
- Foundation leak repair – $2,000-6,000
- Bowing basement wall repairs – $350-1,000
How long does foundation repair last?
When you invest in foundation repairs of any scope, you’ll want to consider options that last. The sad news is that there’s no set rule as to how long your foundation repair will last, but that doesn’t mean you’re doomed to redoing tasks like these in a few years.
By searching for a reputable company that you can trust, you should be able to ensure foundation repairs that last the entirety of your time in any given property and beyond. To make sure of it, consider fundamental features for longevity from your chosen foundation repair suppliers, including –
- Lifetime warranties. While these don’t guarantee your foundations will last, you’ll at least be able to access free repairs if you do experience issues down the line.
- Customer reviews. If foundation repairs only last a few years, you can bet that customers will leave reviews saying as much. As such, looking for longevity is also about reading the customer reviews and testimonies available to prove the long-lasting quality of your chosen company’s work.
- The longevity of the company themselves. The longer a company has been around, the longer you can bet its foundation repairs will last.
What are the signs of a bad foundation
As mentioned, foundation problems that are left unchecked pose the most significant risks to both your home and your bank balance. By spotting issues early, you address foundational dangers as they arise. The question is, what exactly are the signs of a bad foundation?
Luckily, there are some pretty telltale signs that your foundations require attention, and we’re going to consider the main ones here to ensure you don’t neglect to notice your home’s warnings.
- Cracks of any kind
Whether they appear in your foundations or on your walls themselves, cracks of any kind within your home are one of the first signs that all is not right with your foundations. As discussed, these are also one of the cheapest issues to repair if you act fast at the first sign of trouble.
Keep a close eye out for foundations that settle or sink. Some settling is to be expected, especially in new houses, but excessive or uneven settling is a sure sign that things aren’t right with your foundations.
- Out of place doors and windows
Sometimes, signs of foundation issues are as simple as doors or windows that sag, catch, or otherwise show gaps. If you notice draughts coming from your windows or doors that suddenly catch on ceilings, then it’s past time to pay attention.
Foundation problems are never pleasant, but there’s no need for them to be the headache you imagine if you keep an eye out and contact a repair company you can trust the moment foundations threaten to set you back.
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