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Living with a cracked foundation can be a very frustrating experience.  Just about every time it rains you can expect the ground under your home to shift a little and cause further wear and tear on your foundation.

It can start out as a small crack in the drywall in one room of your house.  Over time it can expand to all the rooms in your house.  You may also notice the doors stick and are hard to open.

A problem foundation can also be an embarrassing situation for when you have friends and family over and they notice the wall cracks and sticking doors.

Your wife may also be on your case every week to do something about the problems before they get worse.  You may think you can save money by doing it yourself and trying to repair your own foundation.

In some cases this is possible with smaller cracks, but if the problem is widespread you would be best advised to hire a professional contractor who has expertise in all sorts of foundation problems and repairs.

You may be thinking will my homeowners insurance policy cover foundation repairs?

Unfortunately the answer is no.  Just like insurance policies for cars do not cover normal wear and tear, homeowners insurance policies do not cover wear and tear to a home.

So now that you realize that you have to pay out of pocket to fix your concrete slab foundation you may try to look for the lowest priced contractor.

For many reasons this is not the best idea.  A foundation repair contractor emphasizing the lowest price may be willing to cut corners in other areas of your repair which you will not see for the first 6 to 12 months or more down the line and he will be nowhere to be found again.

This is your home's foundation we're talking about, you should not shop on price alone.  You want a reputable contractor who is has several positive reviews from other homeowners.

So how much is this going to cost me?

For smaller repairs it may cost you $1000 to $3000.  For more extensive widespread repairs it can cost you up to $20,000 or even more in some extreme circumstances.  For a home with average foundation damage your price can be around $10,000.

Financing is available in most cases.  A home equity loan may also be available to help you cover the costs to repair your cracked foundation. 

Foundation problems are nothing to be ignored.  The first time you notice damage, you should inspect it or hire a professional inspector to find the true source of the problem.  If you put it off and procrastinate you can turn your $1000 problem into a $10,000 problem in a short period of time.