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Cost Considerations and Financial Benefits
The cost of foundation underpinning can vary widely depending on the method used, the extent of the work, and the location of the property. On average, underpinning can range from $1,000 to $3,000 per pier, with total costs often reaching between $10,000 and $30,000 for a typical project1. However, the investment can significantly enhance the structural integrity and resale value of your property.
Additionally, some insurance policies may cover part of the underpinning costs if the damage was caused by an insurable event like an earthquake or flood2. It's advisable to review your policy and consult with your insurance provider.