More than likely, repairs to your home’s foundation are not covered by your insurance. If they are, then congratulations on your homeowner preparation skills! But in the case that they’re not, and your home still needs some foundational work, it will almost always be worth your investment to do the repairs. This is true whether your costs stay in the hundreds of dollars for quick crack fixes, or they escalate to $10k or more.
Foundation repair needs won’t go away on their own, they’ll only get worse if you ignore them. If a foundation repair contractor advises you to take action, it’s fine to shop around before you make a final decision. But the sooner you begin, the better chance you’ll have to save and strengthen your home.
Water-related occurrences like heavy rains, floods, or even poor yard drainage can cause your home’s foundation to crack, shift, or slide. These foundational issues can happen suddenly, as with storms or floods, or they can happen over time, due to long-term water damage or faux foundational materials. Soil erosion and faulty construction can also be damaging to the structural integrity of your home. When part of your foundation begins to give way, your home will be on a slippery slope towards needing total foundation replacement, if you don’t act quickly. FoundationRX can help advise you on what action to take.
That’s a pretty loaded questions, but we’ll gladly give our opinion. After decades of successful ventures as home foundation contractors, we know that it can be a shock to many homeowners to hear the estimated price of repairs. And when you compare those costs to things like wall crack repair, it really can seem high. But the costs of ignoring your foundation problems will always be vastly higher than whatever you wind up paying for repairs. If your foundation continues to worsen, you will start feeling like Tom Hanks in The Money Pit, and you can probably kiss your savings goodbye.
Should you repair or replace your foundation? If being proactive means you could save money, or even save your home, you should absolutely consider the options. If your home foundation contractor advises repairs, but you still choose to ignore your repair needs or your foundation replacement opportunities, you could very well lose your home.
So, are foundation repairs expensive? They are when compared to the price of minor DIY home repairs. But when compared to total foundation replacement, or even the costs of losing your home, repairing your foundation is almost always the best way to go, and the clearest path to restoring the structural integrity of your home. For a FREE on-site assessment of whether you should repair or replace your foundation, or what the true status of your structural integrity is, call FoundationRX today!