Foundation and crawl space of a home

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Survey: Owners Fear Financial Burden of Foundation Repairs

October 1, 2021

Foundation repairs can be costly, so it’s no wonder homeowners are concerned about the condition of the foundation their home sits on. Seventy-eight percent of 978 owners recently surveyed say they’re worried about foundation damage to their home, according to a new survey from Groundworks, a nationwide foundation services firm.

Many homeowners say they’ve had to deal with some foundation damage to their home already. The most common issues were from water or moisture issues; basement concrete or foundation cracks; sloping, sagging, or uneven floors; and cracks in the ceiling or walls, the survey finds.

Chart: Common home foundation repairs

Groundworks

The expense of foundation repairs contributes to their concerns. Of the 605 survey respondents who experienced foundation repairs, 47% had costs ranging from $100 to up to $1,000; 35% had repair costs between $1,001 to $5,000; 13% had costs between $5,001 to $10,000; and 5% of respondents said their repairs totaled more than $10,000.

Overall, about a quarter of the nearly 1,000 respondents said they would rather sell their home than fix their home’s foundation issues. Thirty-nine percent said they’d prefer to sell their home as-is if necessary.

Groundworks says that the most common foundation defects on homes they see include:

  • Tree and shrub roots: Plants that are too close to the foundation can have root systems that damage the home’s foundation.
  • Settling: Drought conditions can lead to the uneven settlement of a home.
  • Sinking: Too much water around a home’s foundation from improper drainage or rain and flooding can cause the home to sink.
  • Poor workmanship: Possible issues could be the concrete mix having too much water that could result in weak cement or the concrete could be improperly leveled.
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