How much does it cost to build a foundation or basement? The average amount is between $3,996 to $12,313 but the answer depends on several variables, such as the size of your home, soil conditions, and local building codes.
The foundation of your house is one of its most important components. It’s what keeps your home from sinking into the ground, so you can be sure that your home will stand up for years to come.
Basements are often seen as a luxury feature, but they also provide important benefits. They can add value to your property, improve energy efficiency, and even increase resale value. If you want to build a basement, you’ll need to consider these costs before starting construction.
A basement foundation can require excavation, concrete footings, piers, walls, and a foundation.
Here’s a calculator to help get a sense of the expected cost.
Depending on the type of foundation you choose, the total cost can vary from $5,000 to $20,000 or more.
Monolithic Slab slab works well because it’s easy to install and requires little maintenance. It’s also very durable and long-lasting. However, monoliths tend to be expensive and aren’t always possible for every situation. $11 per square foot on average.
Stem Walls work well in areas with soft soils that may settle over time. Stems are made of reinforced concrete and are attached to the wall using anchors. They’re typically less expensive than monoliths. $12 per square foot on average.
Pier and Beam with Crawl Space are great for homes built in areas with hard rock and clay soils. These types of foundations are usually cheaper than other options. $11 per square foot on average.
Crawl spaces as a foundation are becoming increasingly popular. A crawl space provides an extra layer of insulation and helps keep moisture out of the home. If you have a lot of dirt around your home, you might consider digging a trench instead of pouring concrete. It gives you access to wires, pipes, and ducts. $12 per square foot on average.
Cement or Cinder Block is a good option for basements if you live in an area where there’s not a lot of rain. It’s inexpensive and easy to install. You’ll want to reinforce them with steel rebar. $12 per square foot on average.
Basement foundations add extra living space to your house and can be finished to suit your needs. $29 per square foot on average.