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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 Acomita Lake, NM homeowners’ guide to house leveling services
From average costs to expert advice, get all the answers you need to get your job done.
One and a half story house with concrete foundation
Apr 16, 2025
Apr 16, 2025
A foundation for a new-build home averages around $11,000. Find out all the factors that affect the cost of a foundation and how to save money.
fenced backyard with small shed
Jan 8, 2025
Jan 8, 2025
If your shed has seen better days, it may be time to fix it up. So, how much does a typical shed repair cost? Here’s what you can expect to spend.
large beige suburban house
Jul 15, 2024
Jul 15, 2024
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.
Large suburban home
Jul 16, 2024
Jul 16, 2024
When it comes to comparing a slab vs. crawl space foundation, each has its pros and cons. Read on for a breakdown of these two foundation options.
A slab-on-grade foundation in front of another construction site
Jul 1, 2024
Jul 1, 2024
Unsure of what the different foundation types are? This guide explains what a slab-on-grade foundation is, when it’s appropriate, and some pros and cons.
New home construction
May 5, 2025
May 5, 2025
Dreaming of a custom home but not sure where to start? Use this guide on building a custom home to stay organized and ensure you have all your bases covered.
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