3 Surprising Ways Delaying Foundation Repair Can Cost You Money

3 consequences of delaying foundation repair.

Preserving the structural integrity of a home is one of the most important parts of home maintenance. However, many homeowners put off needed repairs because they underestimate the implications. Often, foundation problems emerge slowly over the course of years. With each season’s weather cycle, problems can get worse, eventually spreading to other parts of the home, resulting in more serious (and costly) damage.

Foundation problems are like a tooth cavity. If you catch it and fill it early-on, before it becomes painful, you will avoid the need for more serious (and costly) procedures.

Here are three important facts that you should be aware of if you’re thinking about delaying foundation repair for your home. This data is based on historical market research and trends observed over the past several years.

Foundation Repair Costs MORE When You Wait:

A study conducted in 2023 of foundation repair prices for homes in 5 markets found that when homeowners put off repairs, project costs spiked 35% higher – an additional $6,071 on average. It is important to note that these costs do not include additional cosmetic repairs that result when the damage gets worse – cracks, cabinets, flooring, windows, roofing. Simply put, the longer you delay foundation repair, the more money you might need to spend to fix it in the future.

If You Wait to Repair- You Will Wait TOO Long

According to the same survey, homeowners who chose to put off repairs ended up having to deal with the issue for an additional 21 months (630 days) on average! Customer surveys revealed that this delay also caused a negative influence on their families’ quality of life in addition to the worsening structural problems. Every delay could add another day of agony, annoyance, or even danger.

77% of Homeowners Prefer Move-in Ready Homes:

First impressions are crucial in the real estate industry. A startling 77% of prospective homebuyers look for homes that are ready to move into, according to REALTORS®. A home is deemed “stale” if it remains on the market for more than 90 days, which deters potential buyers. Additionally, a well-maintained house sold for up to 10% more to a comparable home on the market.

Foundation problems affect more than the physical structure of a home; they can also affect your family’s safety, comfort, and financial stability.

Quick action can help you save money in the long run and significantly enhance the quality of life for your family.

Cost of Waiting - Chart

Olshan Foundation Repair Solutions in your neighborhood

Your house needs the support of a sound foundation. We offer foundation repair near you. Reach out today to get started on protecting your home and your biggest investment! Schedule a free, no-obligation Structural Assessment now.