5 Best Foundation Companies in Midway, FL

On average, Midway homeowners spend about $2,504 on foundation repair. The total cost of foundation repair depends on a number of factors. Things like the extent of the damage, the type of repair needed, and the size of your home will all help determine the cost. The fastest way to learn how much a job is going to cost is to reach out to a local foundation repair company and schedule a free inspection and estimate.

The primary types of foundation repair are crack repair, leak repair, underpinning, stabilization, and waterproofing.

Crack repair and leak repair are what they sound like: your foundation repair expert will perform an inspection and take necessary measures to remedy cracks or leaks. Costs will vary based on the size and cause of the issue.

Underpinning, also called piering or leveling, is the process of leveling your foundation by underpinning it with large concrete piers. The amount you can expect to spend depends on how many piers are used. The price of stabilization is also variable. This process reinforces bowing walls with steel or carbon fiber strips, and the cost will depend on the material chosen and how many strips are used.

Finally, waterproofing is an overarching term for a category of repairs intended to stop water from getting into your foundation. This can involve exterior waterproofing, interior waterproofing, or both, and costs can vary widely. We recommend contacting a waterproofing specialist if you're interested in waterproofing your foundation.

When caring for your foundation, you should make sure that it gets the proper level of moisture, especially in hot weather. Midway sees more rain than many places, so be sure that your gutters and landscaping are arranged to prevent too much water from collecting near your foundation. Additionally, be sure to promptly identify and fix any leaking gutters or pipes.

If you have any concerns about your foundation, you can reach out to a structural engineer for an evaluation. This will cost a few hundred dollars, but the engineer's consultation can provide you with a list of things to look out for as well as additional steps to further protect your foundation. Finally, if you're constructing a new house, make sure to have a soil report done. This report provides information regarding how well the soil on your property can support a foundation and highlights potential future issues.

Your foundation repair expert should acquire the needed permits. You can request that the company provide a detailed explanation of the steps in its process and to see the paperwork and permits it has assembled to ensure everything is properly authorized per Midway regulations.

In general, foundation repairs will have a positive effect on the value of your home. In some cases, you may be able to consider foundation repair a capital improvement, which can sometimes qualify you for tax breaks. Generally, a capital improvement is defined as one that adds to a home's overall value, prolongs its life, or adapts it to new uses. Speak with your Florida tax professional for more information.

We caution against putting off a foundation repair project. A single issue may have an underlying cause that could potentially result in future problems, and it's better to get ahead of the issue as soon as possible. A minor problem now could turn into a large and very expensive one in the future if the signs are ignored.