Putting a price on foundation repairs

Structural engineer could save buyers from money pit

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Luxury Connect | Oct. 16-18 | Beverly Hills

DEAR BARRY: I found a house that I really like, but the home inspection report says there may be foundation problems. How can I determine the cost to fix the foundation, if in fact it does need to be fixed? –Norma

DEAR NORMA: The cost of foundation repairs depends entirely upon the kind of problem and the extent of the problem that was reported by the inspector. There are foundation repairs that cost $1,000, such as settled piers that need to be repositioned or cripple walls that are not braced. On the other extreme, there are foundation repairs that cost $100,000 and more, such as major building settlement or substandard construction.