The son of wealthy publisher Malcolm Forbes, Steve Forbes graduated from Princeton in 1970 and joined the family business, eventually becoming president and chief executive officer of its publisher, Forbes Inc. and editor-in-chief of Forbes Magazine.
1 The size and materials of the house will also be a factor for the price of lifting the house. 2  On average, the cost of lifting a home can be anywhere between $9,000 and $40,000. 3  The larger the home, the more expensive this process will be.
Johnson estimates the average wooden house on piers costs about $12 per square foot to lift, with another $8-$10 per square foot for a new foundation. Ball notes the cost can run as much as $50,000 â at $30 to $35 a square foot for a concrete-block house â and as high as $200,000 or more for large houses.When Erika Brigham elevated her small 1925 cottage â a tiny creek runs behind it â on Ohio Place near downtown Sarasota, the cost was $17,000.ut that same home, at base flood elevation, would have a premium of just $1,410 annually â and generate enough savings to pay for the elevation over a decade. Going three feet higher would reduce the flood premium even more, to $427 a year, FEMA notes.