Estimating the cost of repairing a home's foundation can depend on many factors, such as specific region of the country, the severity of foundation damage that can range from a few cracks to more extensive repairs like pouring a new concrete floor, reinforcement and excavation. The cost to repair a foundation with moderate damage can range from $8,000 on the low end to $22,000 at the higher end, as noted by the CostHelper website, as of 2015. However, before a homeowner can make any necessary repairs, it is necessary to gain the services of an inspector and a contractor.
Hiring an inspector to assess the foundation damage can range from $500 to $1,000, as noted by the Fixr website. If a soil report is also necessary, then the cost of hiring a geotechnical engineer can be as high $2,000. To get a cost estimate of the repair work, homeowners should get quotes from licensed contractors. The basic cost breakdown is dependent on the extent of damage to the foundation.
For one or two foundation cracks, the cost of repairs can be as high as $800. If reinforcement of the foundation with anchor bolts is required, then this can cost up to $3,500. When the foundation has shifted due to poor soil, the repair requires the addition of concrete or steel piers that can cost as much as $5,000 per pier addition. Piers can be situated between six to eight feet apart, as noted by CostHelper.
Another factor that can increase the cost of a foundation repair can be its type, such as if the house may be built on beams and piers or a concrete slab. Repairs can be more expensive if the foundation structure is solid concrete, as noted by Redbeacon.