Foundation repair costs can vary significantly depending on the type and extent of the damage, the materials and methods used to make the repairs, and other factors such as the age and location of the property. In general, foundation repair costs can range from a few thousand dollars for minor repairs to tens of thousands of dollars or more for more extensive repairs or for repairs to larger properties.
The type of foundation: Different types of foundations, such as slab foundations, crawl space foundations, and basement foundations, can have different repair costs.
The extent of the damage: The more extensive the damage, the more it will cost to repair.
The cause of the damage: The cause of the damage, such as soil movement, water infiltration, or other issues, can affect the cost of the repair.
The materials and methods used: Different materials and methods can have different costs. For example, using steel piers or helical piers or concrete underpins with drainage waterproofing to stabilize a foundation may be more expensive than using concrete slabjacking or core-fill, but it is important to note that unless you prevent the real problem which is water freezing beside your foundation, it will only delay the damage. This is why drainage waterproofing is highly recommended.
The age of the property: Older properties may require more extensive repairs, which can increase the cost.
The location of the property: The cost of foundation repairs can vary depending on where the property is located, as labour, travel, and material costs can differ from one region to another.
It is important to get a detailed estimate from a reputable foundation repair contractor before starting any work. The contractor should be able to explain the specific repairs and methods that will be needed for a permanent solution and additionally temporary less costly alternatives. To get a better idea of how much it will cost, you need to determine the amount of wall to be waterproofed. If you are looking to get just a crack repaired - $5000. If you are getting the full perimeter waterproofing it can cost as much as $40,000. Alternatively, If you are getting a larger section done like 25 linear feet for example, it can cost approx. $16,000