Philomont Home Foundation Repair 203K Loan

Is your Foundation in need of repair in Philomont? Contact 203K Loan Lenders today for a Philomont Home Foundation Repair Loan!

Estimated Costs to Fix Foundation Problems

Foundations that have been built on expansive clay, compressible or improperly compacted fill soils, or have been poorly maintained can cause serious damage as they settle and move. If you see signs of such damage, like cracks in walls or doors that won’t close properly, it is important to talk to a professional right away. Damaged foundations that are not repaired quickly can lead not only to irreparable damage, but to structures that are unsafe. The longer you wait, the worse the damage can get and the costlier it will be to fix.

The rule of thumb when you see any issue: the longer you wait, the worse it gets. Even if you get it repaired, there may be damage to the inside of your home that will also require expensive repair. Often, in these cases, much of that extra cost could be avoided by acting more quickly.

203k Loan can fix Cracks

Crack repairs will run you between $250 – $800.

Cracks wider than ⅛ inch are cause for concern. At this point, you probably have a structural problem and should consult a structural engineer about your options. It could be that your foundation is sinking, or the soil is exerting too much pressure on it.

Cracks that do not affect the structure can be fixed easily. However, they should not be ignored because they are through ways for moisture and could lead to structural problems if left alone. This fix will involve injecting either epoxy or polyurethane foam. If it’s wet and leaking, waterproofing will be necessary.

203k Loan can fix Leaks

Price to Fix: $2,000 – $6,000

A leak or two can signal a huge problem with drainage and moisture around your home. To fix this issue, you will want to consult a professional about various waterproofing techniques which will better secure the structure. They will probably recommend sealing your foundation. To do this, contractors excavate around your foundation, install new tile drains and fill the cracks with cement. They will also coat the structure in sealant and wrap it in a waterproof material. The cost of this repair involves labor, time and equipment, but it will be worth it to have a stable home.

203k Loan can fix Setting/Sinking

Pier or Pile: $1,000-$3,000 per unit or Mudjacking: $500-$1,300

This is a major issue which demands immediate attention. Further settling will lead to more damage and instability. You may not be aware that your foundation is doing this until you have cracks and leaks assessed, or you may be able to tell by inspecting early signs of damage. The solution for this problem is to have the foundation leveled.

Contractors can restore the structure to its original height by raising it up and securing it with piers or mud jacking. What makes this complicated is the fact that this problem often signals issues with soil or moisture. These will need to be addressed before your able to secure your home. Having these issues evaluating adds to the overall cost.

203k Loan can fix Bowing Basement Walls

Avg. Charge: $350-$1,000 per reinforcement strip.

This type of damage is a sign of poor soil conditions, whether you are dealing with expansive clay, weak fill or insufficient drainage. You want to catch this right away, because it lowers your home value and can cause your house to settle. To stop this, you need to have the walls stabilized with carbon fiber or steel. You’ll also need to assess the soil to solve the initial problem.

If you need a home foundation repair loan in Philomont, please call us today.