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Typically, it’s more affordable to buy an existing home than it is to build a new one. New construction loan interest rates tend to be higher than interest rates for traditional mortgages. Additionally, the cost of materials is likely higher when building a new home than it was when an existing home was built (unless it’s a very new one). You’re also paying for all new appliances, finishes, permits, inspections, and connections for water, gas, and electricity. 

One starting point to find a local home builder is to collect suggestions from friends and neighbors. However, it’s still wise to do some more research before you hire a builder. Read reviews to supplement any word-of-mouth recommendations. Check sources like Angi that have standards and criteria in place to screen the pros it lists can also help you find more reputable local home builders.

The most common first signs of foundation issues include: 

  • Cracks in the foundation walls that grow

  • Signs of moisture or water leaking through cracks in the foundation

  • Standing water in the basement

  • Sagging floors or walls

  • Cracked walls in upper floors

  • Doors and windows that don’t close properly anymore

Foundation repairs cost about $5,000, on average. Typically, prices range from $2,200 to $7,800, depending on the type and extent of repairs needed. Cost factors include foundation type, home size, soil stability, accessibility, and the ultimate cause of the problem and what methods and materials are required to fix it.

If you’re noticing signs of foundation issues, the first step to fixing a foundation problem is to hire a foundation repair inspector. They will determine the problem, the cause, and the severity before recommending a course of action to repair the foundation. The method for fixing foundation problems depends on the problem and what options are available. A few possible solutions include:

  • Epoxy injections

  • Mudjacking

  • Piers made of steel or concrete

  • Jacks 

  • Hydraulic piers

  • Carbon or steel reinforcement strips

  • Waterproofing materials

The Woodmoor, CO homeowners’ guide to house leveling services
From average costs to expert advice, get all the answers you need to get your job done.
The exterior of a natural stone house
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Unstable or sinking foundations require comprehensive and expensive solutions. Learn about foundation underpinning costs in this guide to set your budget.
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Jan 6, 2025
The cost to build a stone house is pricey. Learn why you need specialized workers to build the house to a level that’s good enough for you and the city.
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Staying ahead of foundation problems can save you time and effort. Learn how much foundation inspections cost and what affects how much you’ll pay.
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Planning a home improvement? Learn which home improvements could lower your insurance rates for the highest ROI—and which could increase your premiums.
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Your home's foundation wall is one of its most crucial construction features. Learn what it is, how to build one, and what to do if it needs repair.
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Aug 13, 2024
All foundations settle, but some can develop related structural issues. Use this guide to identify foundation settlement and determine when to take action.
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