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.
How Much Does a House Foundation Cost? The cost of a raised foundation varies widely based on the size of your home, its layout and the region of the country where you live. For an average-size home, you can expect to spend around $10,000 to $25,000 in most regions of the country.