11 Best Foundation Companies in Elwood, IN

On average, Elwood homeowners spend roughly $2,656 on foundation repair. The amount you'll spend on foundation repair will vary greatly depending on several factors. Things like the size of your home, the type of repair needed, and the extent of the damage will all help determine the cost. The fastest way to determine how much a job is going to cost is to speak with a local foundation repair expert 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 exactly as they sound: your foundation repair expert will perform an inspection and complete any repairs necessary to remedy cracks or leaks. Costs 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 amount you can expect to spend depends on how many piers are needed. The price of stabilization is also variable. This process reinforces bowing walls with carbon fiber or steel strips, and the total cost will depend on what material is used and how many strips are used.

Lastly, waterproofing is an overarching term for a number of jobs designed to 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 caring for your foundation, you should make sure that it gets the proper level of moisture. Avoid letting the soil around your Elwood house become too wet or too dry – make changes to your gutter system to route water away, or water your foundation if it starts to get too dry. Additionally, be sure to promptly identify and fix any leaking pipes or gutters.

If you think there may be any problems with your foundation, you can call 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 potential concerns as well as more ideas to help you further protect your foundation. Lastly, if you're building a new house, make sure to have a soil report done. This can provide information regarding how well the soil on your property can support a foundation, and can highlight potential future issues.

A permit is normally required for foundation repair, but obtaining one should not be your responsibility. Your foundation repair provider should obtain all the permits and other documents required in Elwood, and should be able to provide the documents and/or explain the process before starting work.

In some cases, foundation repairs can be considered capital improvements if they fit the criteria of an improvement that will add to a home's overall value, prolong its life, or adapt it to new uses. Making capital improvements sometimes lets you qualify for tax breaks. (Speak with your Indiana tax professional to learn more.) This aside, foundation repairs will generally have a positive effect on the value of your home.

We highly recommend contacting your home insurance provider before beginning any foundation repair project to learn about what may be covered. Typically, foundation repairs aren't covered by your home insurance unless they're to fix damage caused by a covered weather event.