11 Best Foundation Companies in Franklin Lakes, NJ

On average, Franklin Lakes homeowners spend about $2,625 on foundation repair. The cost of foundation repair is based 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 factor in. The easiest way to learn how much a job may cost is to contact a local foundation repair expert and schedule a free inspection and estimate.

The main 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 take necessary measures to remedy cracks or leaks. The price will vary depending on the size and cause of the problem.

Underpinning, also called leveling or piering, is when a contractor levels your foundation by underpinning it with large concrete piers. The price will be based on how many piers are used. The price of stabilization varies similarly. This process involves fixing bowing walls by reinforcing them with steel or carbon fiber strips. The cost will depend on what material is used and how many strips are used.

Finally, waterproofing is an overarching term for a category of repairs designed to stop water from getting into your foundation or basement. This can involve exterior waterproofing, interior waterproofing, or both, and the price can vary widely. We recommend contacting a waterproofing specialist if you think your foundation needs waterproofing.

One way to protect your foundation is to make sure that it has the proper level of moisture. Franklin Lakes sees more rain than many places, so be sure that your gutters and landscaping are arranged to prevent too much water from collecting near your foundation. Additionally, make sure that you promptly identify and repair any leaking gutters or pipes.

If you have any concerns about your foundation, you can call a structural engineer for an evaluation. This will cost a few hundred dollars, but the engineer's consultation can net you a list of things to look out for as well as steps you can take to further protect your foundation. Lastly, if you're constructing a new house, make sure that you have a soil report done. This report provides information regarding how well the soil on your property will be able to support a foundation and highlights any potential future issues.

Your foundation repair provider should be the one to get the permits. You can ask the company to provide a detailed explanation of the steps in its process and to see the paperwork and permits it has acquired to verify that everything is properly authorized per Franklin Lakes regulations.

Generally, foundation repairs will have a positive effect on the value of your home. In some cases, foundation repairs may be considered a capital improvement, which might help you qualify for tax breaks. A capital improvement is generally defined as one that will add to your house's overall market value, prolong its life, or adapt it to new uses. Talk to your New Jersey tax professional for more information.

Foundation repair, especially extensive repairs like basement waterproofing, should last a long time. This is particularly true if you go with a reputable company. By solving systemic foundation issues, or reinforcing key areas, you reduce the risk of future problems.