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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 Baxter Estates, NY homeowners’ guide to house leveling services
From average costs to expert advice, get all the answers you need to get your job done.
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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.
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Log cabin costs vary depending on the size of the cabin, the location, and the cabin style. This guide will help you figure out the true cost of a log cabin.
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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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Need to protect your foundation from water intrusion and moisture buildup? Learn about the four different types of foundation drainage and how each one works.
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Curious about the concrete under your home? Learn what a crawl space is, when this foundation style is appropriate, and how it compares to other options.
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What is a storm shelter? It can keep you safe during a tornado, hurricane, or other weather event. This guide will introduce you to the different types.
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