Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 4 years ago on . Most recent reply

User Stats

23
Posts
5
Votes
Dana Kelley
  • Plano, TX
5
Votes |
23
Posts

foundation repair $

Dana Kelley
  • Plano, TX
Posted

Completely new to all this…how much (generally) is fairly extensive foundation repair?

Most Popular Reply

User Stats

69
Posts
60
Votes
Steven Loveless
  • Real Estate Investor
  • Sachse, TX
60
Votes |
69
Posts
Steven Loveless
  • Real Estate Investor
  • Sachse, TX
Replied

After having my first deal fall apart due to foundation issues - I can say it varies tremendously.

Just for an example - when I put the above mentioned house under contract, the seller had a quote for ~$6k. Okay, sounds good. Had a structural engineer come out, and he says the house is verging on structural failure - needs 3x as many piers as the original quote, including the entire interior of the house. Had two reputable 20+ yr companies bid ~$25k, with high risk for other damage occurring during the job (plumbing, brick, roof, etc.)

I have seen price quotes range from $200-$600 per pier, depending on type, quality, etc.

Turns out the original foundation quote came from a company only in the business for 3 years, giving lowball bids with supbar materials and little to no experience.

I would suggest having a licensed engineer look at it and give his recommendation, the $400 it costs could save you thousands in the long run. Also, have an experienced company do the work - lifetime warranties are worthless if the company is gonna be out of business in four years.

Sorry for the long reply, hope it was at least somewhat useful.

Loading replies...