11 Best Foundation Companies in Elwood, IN

On average, Elwood homeowners pay about $2,657 for foundation repair, although the total cost will depend on several factors. The easiest way to get an estimate for the cost of your specific project is to solicit quotes from a handful of local foundation repair companies. The total price will be affected by things like the size of your house and type of repair(s) needed.

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

Crack repair and leak repair are exactly as they sound: your foundation repair expert will perform an inspection and complete any repairs necessary to remedy cracks or leaks. The price will depend on the size and cause of the problem.

Underpinning, also called leveling or piering, is the process of leveling your foundation by underpinning it with large concrete piers. The price will be based on how many piers are required. The price of stabilization is also variable. This process fixes bowing walls by reinforcing them with carbon fiber or steel strips. The cost will depend on the material and how many strips are used.

Lastly, waterproofing is an overarching term for a category of repairs that help prevent water from getting into your foundation or basement. This can involve interior waterproofing, exterior waterproofing, or both, and the price can vary greatly. We recommend contacting a waterproofing specialist if you're interested in waterproofing your foundation.

When constructing a new house, make sure that a soil report is completed. A soil report will contain information regarding how well your soil can support a foundation, and can provide you with a heads-up about any potential future issues. If your concerns are about an existing home, a few hundred dollars will cover an inspection and report by a structural engineer. The engineer can alert you to any issues that need attention, and advise you on how to avoid future problems.

It's also important that the moisture around your foundation is appropriate. Don't let the soil around your Elwood home get too dry or too wet; at different times, you might find yourself having to reroute your gutters or water your foundation. Also, be on the lookout for leaky gutters or pipes, so you can get them repaired quickly.

Your foundation repair expert should acquire the needed permits. You can ask the company to provide a detailed explanation of the steps in its process and to see the permits and paperwork it has acquired to make sure everything is properly authorized per Elwood regulations.

In some cases, foundation repairs can be considered capital improvements if they meet the criteria of an improvement that adds to a home's overall market value, prolongs its life, or adapts it to new uses. Making capital improvements sometimes helps you qualify for tax breaks. (Speak with your Indiana tax professional for more information.) Tax breaks aside, foundation repairs will, in most cases, positively affect the value of your home.

In most cases, your home insurance won't cover foundation repairs, except for those done to repair damage caused by a covered weather event. We highly recommend talking to your home insurance company before starting any foundation repairs.