11 Best Foundation Companies in Owatonna, MN

On average, Owatonna homeowners spend about $3,001 on foundation repair. The cost of foundation repair depends on several factors. Things like the type of repair needed, the extent of the damage, and the size of your home will all play a part. The fastest way to determine how much a job could cost is to contact 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 fix leaks or cracks. The amount you spend can vary greatly depending on the size and cause of the issue.

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

If you're interested in waterproofing your foundation or basement, we suggest finding a waterproofing specialist. This process might include outdoor waterproofing, indoor waterproofing, or both.

If you're building a new house, have a soil report completed. A soil report will contain information regarding how well your soil can support a foundation, and can offer you a heads-up about any 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 point you to any issues that need attention, and advise you 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, so you can get them repaired promptly.

Your foundation repair professional should be the one to get the 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 ensure everything is properly authorized per Owatonna regulations.

In some cases, foundation repairs can be considered capital improvements if they fit the criteria of an improvement that adds to your house's overall market value, prolongs its life, or adapts it to new uses. In some cases, making capital improvements helps you qualify for tax breaks. (Speak with your Minnesota tax professional for the most accurate information.) Even if you don't qualify for tax breaks, foundation repairs will, in most cases, positively affect the value of your home.

We highly recommend reaching out to your home insurance provider before you start any foundation project to determine what might be covered. Typically, foundation repairs won't be covered by home insurance unless they're to repair damage caused by a covered weather event.