11 Best Foundation Companies in Owatonna, MN

On average, Owatonna homeowners spend roughly $3,002 on foundation repair. The amount you'll spend on foundation repair will vary greatly depending on a number of factors. Things like the type of repair needed, the size of your home, and the extent of the damage will all help determine the cost. The easiest way to find out how much a job could cost is to reach out to a local foundation repair company and schedule a free inspection and estimate.

Types of foundation repair include leak repair, crack repair, stabilization, underpinning, and waterproofing.

Leak repair and crack repair involve a technician coming to your home, performing an inspection, and using various repair techniques to remedy leaks or cracks. The amount you spend will vary greatly depending on the size and root cause of the issue.

Stabilization is the process of fixing bowing walls by inserting steel or carbon fiber strips. The cost will depend on the material used and how many strips are required. The cost of underpinning also varies. This process, also called piering or leveling, involves underpinning your foundation with concrete piers to level it; the cost is based on how many piers are needed.

If you're looking to waterproof your foundation or basement, we suggest speaking with a waterproofing specialist. This process might include indoor waterproofing, outdoor waterproofing, or both.

When building a new home, 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 give 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. They can point 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. Don't let the soil around your Owatonna home get too dry or too wet; at different times, you might find yourself having to reroute your gutters or water your foundation. You should also stay vigilant for leaky gutters or pipes and repair them quickly.

Your foundation repair provider should acquire the needed permits. You can ask the company to provide a detailed explanation of its process and to see the permits and paperwork it has assembled to confirm everything is properly authorized per Owatonna regulations.

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

We strongly suggest contacting your home insurance provider before starting any foundation project to determine what might be covered. Typically, foundation repairs aren't covered by your home insurance unless they're to fix damage caused by a covered weather event.