11 Best Foundation Companies in Memphis, TN

On average, Memphis homeowners pay roughly $2,795 for foundation repair, although the total cost will vary widely depending on several factors. The easiest way to estimate the cost of a specific project is to ask for quotes from a handful of local foundation repair companies. The amount you pay for a job will be affected by things like the type of the repair(s) and the size of your house.

Click here to see a more thorough breakdown of the cost of foundation repair in Tennessee.

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

For both leak repair and crack repair, a technician will come to your home, complete an inspection, and use various repair techniques to fix leaks or cracks. The amount you spend will vary greatly depending on the size and cause of the problem.

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

If you're looking to waterproof your foundation or basement, we recommend looking for a waterproofing specialist. This process may include indoor waterproofing, outdoor waterproofing, or both.

When you're in need of waterproofing, you'll notice signs like white powder or spots on your walls, discoloration or odors, hairline cracks, uneven floors, basement flooding, or signs of mold, fungus, or mildew.

Your options include interior and exterior waterproofing. Interior waterproofing is generally less expensive, and can involve solutions such as the use of sealants or the installation of drains or sump pumps. Exterior waterproofing is generally more expensive but more effective. Exterior waterproofing can involve things like landscaping changes, external drains, or physical barriers to stop water from getting into basements and crawl spaces.

Most of the time, your foundation repair technician will be licensed as a general contractor. In all of Tennessee, contractors must have a Prime (General) Contractor license from the Department of Commerce & Insurance for any project worth over $25,000. In Bradley, Robertson, Rutherford, Haywood, Knox, Davidson, Hamilton, Shelby, and Marion counties, contractors must also have a Home Improvement license for home improvement projects valued between $3,000 and $25,000. The former requires an exam, while the latter does not. Both license types require proof of insurance. There may be additional requirements for contractors to do certain work with concrete.

Sometimes, foundation repairs can be considered capital improvements if they meet the criteria of an improvement that adds to your house's overall value, prolongs its life, or adapts it to new uses. Making capital improvements sometimes helps you qualify for tax breaks. (Contact your Tennessee tax professional to learn more.) Tax breaks aside, foundation repairs will, in most cases, positively affect the value of your home.

It's smart to ask your foundation repair company about your concerns before beginning any project. In most cases, yes, you should be able to remain at home while foundation work is being done.