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.
The house lift itself requires extensive work, including structural posts and framing and a variety of metal or wooden beams. Typical costs in 2011 may be around $12,000, but this varies widely according to the style of house, how large it is and the materials that the structural engineers use. Costs can rise to $18,000 or more. Excavation refers to actually removing earth from under the foundation to make extra room for a basement.