11 Best Foundation Companies in Peabody, MA

On average, Peabody homeowners pay about $3,356 for foundation repair, although the total cost will vary depending on several factors. The best way to get an estimate for the cost of your specific job is to get quotes from one or more local foundation repair companies. Your total cost will be determined by things like the type of the repair(s) and the size of your house.

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 contractor will perform an inspection and complete any repairs necessary to remedy cracks or leaks. The price will vary depending on the size and cause of the issue.

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 needed. The price of stabilization varies similarly. This process involves fixing bowing walls by reinforcing them with carbon fiber or steel strips, and the cost will depend on the material and how many strips are used.

Lastly, waterproofing is an overarching term for a number of jobs that help stop water from getting into your foundation or basement. This can involve interior waterproofing, exterior waterproofing, or both, and costs can vary widely. We recommend contacting a waterproofing specialist if you think your foundation needs waterproofing.

When building 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 offer you a heads-up about potential future issues. If you have concerns about an existing house, a few hundred dollars will cover an inspection and report by a structural engineer. The engineer can alert you to any things that could use some attention, and give you advice on avoiding future problems.

Also ensure that the moisture around your foundation is at an appropriate level. As Peabody sees more rain than many other places, keep an eye on your gutters and landscaping to make sure too much water isn't getting into your soil or foundation. Also, be on the lookout for leaky pipes or gutters and repair them promptly.

Your foundation repair expert should be the one to get the permits. You can request that the company provide a detailed explanation of its process and to see the permits and paperwork it has assembled to verify that everything is properly authorized per Peabody regulations.

Foundation repairs can sometimes, foundation repairs can be considered capital improvements if they fit the criteria of an improvement that will add to your house's overall market value, prolong its life, or adapt it to new uses. Making capital improvements sometimes lets you qualify for tax breaks. (Contact your Massachusetts tax professional for the most accurate information.) This aside, foundation repairs will generally have a positive effect on your home's value.

We strongly suggest contacting your home insurance provider before you begin any foundation repairs to learn about what might be covered. Typically, foundation repairs won't be covered by your home insurance unless they're to repair damage caused by a covered weather event.