Get matched with top concrete repair specialists in Lake Village, AR

It depends on the bank and the extent of the issue. Some banks will lend against homes with minor foundation damage, but most won’t if the issue is structural since the home acts as collateral for the mortgage. Banks that offer renovation loans might still finance a home with structural problems. More minor issues like settling cracks and intermittent problems with humidity are unlikely to stop a bank from financing.

The most cost-effective foundation repair is using masonry patches and sealants to seal foundation cracks and offer some support to prevent further damage. These methods are used to fix minor foundation cracks quickly. However, they’re not suitable as a long-term solution, and they only offer minimal stability. On average, masonry patches and sealants cost $500, but a sealant like an epoxy crack injection can total over $2,000. If you’re handy and only looking for a temporary solution until you contact a local foundation repair contractor for a more permanent one, you can save hundreds by DIYing this repair.

Yes. Foundation walls are always load-bearing.

Crumbling concrete steps will affect your ability to drill into the material and affix a sturdy railing. If the damage is primarily cosmetic, you might be able to DIY the repair with a patch kit. If the concrete is badly crumbling, hire a professional who specializes in pouring concrete. The average concrete step repair cost is $500 from a professional, but the extent of the damage will determine your actual cost. The professional may recommend a replacement if the damage is extensive.