Ask any foundation maintenance team how much repairs will cost, and the best you can hope for (before a full on-site assessment) is a rough estimate. This can give property owners a ballpark figure that seems better than nothing yet can still be very wide of the mark.
Even the most observant customer relating every problem they can see may only be getting half a quote. This is because only experienced professionals can fully appraise the full extent of foundation issues. This guide will break down the key factors that go into forming the final bill for foundation repair costs in Virginia so home and business owners can budget more effectively.
Average Foundation Repair Costs in 2021
Data from Manta.com provides some ballpark figures for foundation repairs in Virginia spanning the three standard bases: minimum, average, and maximum. These figures see the majority of homeowners paying $4,365. Commercial premises can expect these price bases to be significantly higher due to the typically larger area of such properties.
These are significant sums, yet such preventive outlays can stop far more expensive problems from arising. Homeowners should also view foundation repair costs through the lens of the potential return on investment. Here’s how spending money now on foundation repair can save you money tomorrow:
- Foundation Repairs Boost Resale Value
Nobody interested in buying a property wants a shaky foundation under their feet, and these issues can often crack the inside and outside of a home, making them very hard to hide. Investing in necessary repairs creates not only a stronger and more attractive structure but can also lead to a much higher market price at resale.
- Prevention Is Better Than Cure
Jammed doors and windows, split walls, uneven floors, and even roof problems can all start from the foundation up. None are cheap to fix, all are possible, and yet all can be preemptively tackled via foundation repair.
- There’s No Price on Your Health
A cracked foundation can let in water and pests, which can become vectors for mold, bacteria, and disease.
The foundation of your property is, in many ways, its future. It is undoubtedly crucial in the present to the health and safety of everyone inside. Establishing a payment program for repairs today is an excellent way to invest in that future, and knowing the costs you can and can’t avoid helps predict a bill more accurately.
The Most Common Financial Factors in Foundation Repair
It is understandable that property owners can become intimidated or frustrated by how hard it is to initially pin down a final foundation repair bill. The best a customer can do before consulting with professionals is grasp the key factors that influence expense calculations. Doing so will put them in a much stronger position to ask the right pre-quote questions to avoid getting any nasty surprises when the job is complete.
1. Initial Site Inspection
Foundation inspections typically involve a thorough appraisal of the property’s entire interior and exterior, and the larger the property, the higher the inspection fee. Some contractors do offer free inspections, but if a structural engineer is necessary, current costs can fall between $342 to $711.
2. Materials and Labor Costs
Labor costs rise or fall depending on the number of people required on the job, which is then multiplied by how long the work will take – all factors that can’t be definitively assigned costs until after a site inspection. Some contractors may have a base pay rate and a standard-sized crew, although this can vary between companies. Any contractor should be able to estimate material costs quickly after locating all foundation issues.
3. Permit Fees
Permission from local authorities is required for many aspects of foundation repair in Virginia, including all alterations to any structural components under the Uniform Statewide Building Code (page 2). These fees can vary between counties, with material and labor costs being key to a final figure in every case. Two examples are a $108 base permit fee in Fairfax County or a graded minimum fee for all permits plus trade and miscellaneous costs in Roanoke County.
4. Price Per Square Foot
This aspect of repair averages from $5 to $9 in Virginia, which provides the most accurate price projection (pre-appraisal) a customer can have. Measuring the affected area will give you at least some idea of the costs to expect.
5. Nature of the Repairs
These can range from minor to major, with the latter rarely being apparent to the untrained eye. Repairing an entire basement floor could cost up to $400, while filling a cracked foundation could run to $800, according to figures from CostHelper. The site is also frank about scenarios in which more advanced repairs such as underpinning can cost tens of thousands of dollars.
6. Additional Preventive Measures
Some foundation problems are standalone issues, while others may indicate interconnected difficulties. Foundation repair experts may recommend adding extra protective methods (and thus additional expense) such as interior waterproofing or downspout extensions to tackle familiar sources of foundation weakness.
The main takeaway is that Virginia property owners should be proactive to prevent unnecessary expenses and avoid costly repairs. Property owners deserve to be confident that every dollar they’re quoted is justified and will help avoid even larger bills in the future. Gaining this confidence starts with getting a free quote from repair pros who won’t make a money pit out of your foundation.
Contact an Expert With Any Foundation Questions
There is no need for confusion or stress regarding foundation repair costs, even with so many variables. The pros at LUX Foundation Solutions take pride in educating property owners in Virginia on all aspects of the repair process.
You can rely on us to fully appraise your foundation and make every necessary expense transparent while also offering financing options. Our 25+ years of experience make us the right choice for your home or business, so contact LUX Foundation Solutions today to speak to an expert.