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.
The average national cost of building a foundation is $7,775, with most homeowners spending between $4,239 and $11,710. This data is based on actual project costs as reported by HomeAdvisor members.