Tuesday, June 19th, 2012 by Colleen Henes
How Much Does A Foundation Repair Cost? Part One
First, let's look at what it is costing you right now since you have a current foundation problem. Next, in part 2, we will discuss the cost of getting your foundation repaired and how to make that affordable. These are the common things we hear when someone calls us to come out to check out their home’s foundation. So, if anything sounds familiar, let’s talk further!
How much is this foundation repair going to cost me? Great Question! I am going to answer this question in a 2 part series. First, let's look at what it is costing you right now since you have a current foundation problem. Next, in part 2, we will discuss the cost of getting your foundation repaired and how to make that affordable. These are the common things we hear when someone calls us to come out to check out their home’s foundation. So, if anything sounds familiar, let’s talk further!
1. The foundation's condition interferes with being able to redecorate our home? Many contractors realize that if there is a foundation problem, the work that they will be doing will be adversely affected. Painting or putting in a new floor, new windows, siding, etc. cannot be done because the foundation repair must happen first.
2. Does your current foundation’s condition prevent you from remodeling too? According to Remodeling Magazine's report 2009-2010, a basement remodel has an added property value of more than 75% per the dollar investment for the remodel. Not being able to remodel and increase the amount of square footage of livable space not only affects your plans and comfort; it affects your property value. Additionally, these days, that basement remodel makes more room and more “cents” than trading up to a different home.
3. Is your house on the market and the condition of your foundation has people walking or running away due what they see? A foundation repair restores property values along with great transferable warranties. We get lots of calls from potential buyers who are very nervous about what they are buying. In May, we heard from a recent Colorado Springs homeowner who said: “The excellent work allowed us to sell our home 36 hours after listing for full price! Thank you all so much!”
4. It costs to put off repairs. Putting off a foundation repair can make for a more costly repair down the road. Conditions of the foundation continue to deteriorate more and cost of repair goes up over the years. Once you have a stable foundation, your property value increases. Often we hear from people who wished they had called sooner.