The average sale price of a home in Manhattan last year was $1.46 million, according to a recent Douglas Elliman report, while the average sale price for a new home in the United States was just under $230,000. The middle class makes up a smaller proportion of the population in New York than elsewhere in the nation.
With major foundation repairs involving hydraulic piers costing $10,000 or more, and minor cracks costing as low as $500, most homeowners will pay around $4,005 to repair foundation issues. Here are a few things that can influence the cost of a foundation repair.
1 Repairing a simple crack in a poured concrete foundation can cost about $400-$800, depending on the extent of the damage. 2  Replacing an entire basement floor can add another $200-$400.3  And in earthquake-prone areas, reinforcing the foundation with anchor bolts runs $1,500-$3,500 or more.4  Poor soil causes the most damage. Repairing a simple crack in a poured concrete foundation can cost about $400-$800, depending on the extent of the damage. 2  Replacing an entire basement floor can add another $200-$400. 3  And in earthquake-prone areas, reinforcing the foundation with anchor bolts runs $1,500-$3,500 or more. 4  Poor soil causes the most damage.