How to Pay for My Foundation Repair?

Foundation repair is expensive – from carbon fiber crack repair to push pier and helical pier underpinning. Sticker shock is a legitimate experience. Unfortunately, foundation repair is a necessity, not a fun extravagant purchase. You might be wondering, how in the world you will be able to afford foundation repair?

We want to ease your apprehension by providing clear options to pay for your foundation repair project. We’ve been in the foundation repair industry for a long time, with over 100 years of combined foundation repair experience. We’ve fixed thousands of foundations and are here to help guide you every step of the way – whether you choose to work with us or not.

This article covers the best options for paying for your foundation repair with Dalinghaus Construction Inc. Options are everything – providing you the flexibility to decide the best payment route for you and yours.

*Note – while this article is Dalinghaus specific, it still offers financing options that many other foundation repair contractors provide. So, even if you choose not to go with us, many of these options apply across the construction industry.

Foundation Repair Payment Options

Foundation Repair Down Payment

 First thing first – the down payment. Down payments are a sign of good faith for both parties, the construction company, and the client. Foundation repair through Dalinghaus Construction Inc. requires a down payment of either $1,000 or 10% of the total project cost (whichever is less).

Currently, the average foundation repair cost is around $25,000. Note, this is the average, not the median. Some projects cost significantly less, some significantly more. We’ve had $5,000 repairs to $100,000 repairs.

We do not offer in-house monthly payment plans.  You would need to go through one of our financing partners for payments, such as Hearth or Greensky. 

Typically, the foundation repair payment is completed in stages:

  1. Deposit and engineering fees
  2. Mobilization fees
  3. Progress payment (if applicable) 
  4. And the final payment is given when the project is complete. 

Here are various types of payment we accept: 

Pay for Foundation Repair with Cash 

 Cash is always great, but since we are typically collecting large amounts of money, it can prove cumbersome. We accept cash, but there are easier ways to pay for your foundation repair project that doesn’t involve a cashier counting out stacks of hundred-dollar bills.  

Pay for Foundation Repair with a Check 

Checks are hassle-free, simple, and work well for paying for foundation repair. They are quick to fill out and easy to hand off to the project foreman upon the completion of your foundation repair project.

Checks are also a relatively safe form of payment. If a check is misplaced, by either party, the bank can be quickly notified, and the check can be rewritten. No cash has been lost.

This is the preferred method of payment of Dalinghaus Construction Inc., as there are no fees for either party for depositing a check and is a safe form of payment.

Pay for Foundation Repair with ACH 

 ACH stands for Automated Clearing House. These are otherwise referred to as an ACH transaction or an ACH transfer. This allows for a direct deposit from the bank account of your choosing.     

Anyone with a US bank account can utilize this tool. It’s cheaper than a wire transfer (which can cost $25 per transaction) coming in at $0.29 per transaction. It’s cheap, fast, and safe. In fact, ACH would be the best option if Buildertrend didn’t require micro deposit verification, but since they do, it often causes delays in processing.

*Note – Buildertrend is an interface that we use with our clients to keep them up to speed on their foundation repair projects. To learn more about Buildertrend, watch the video below.

Pay for Foundation Repair with Debit 

We accept Visa or Mastercard debit cards only. If your debit card doesn’t have a Visa or Mastercard logo, ACH is the best option for you to direct deposit. Microtransactions may apply.   

Fun facts with Brian – Microtransactions refer to buying and selling items at a low cost, pennies on the dollar. Microtransactions are usually a test run to ensure the full amount will reach the right account. It can introduce a few extra steps to the payment puzzle but helps ensure your money is safe. 

Pay for Foundation Repair with Credit Cards 

Don’t have the cash now? Put it on a credit card and rack up those mileage points. Credit cards are an easy option but can have transaction fees involved. Microtransactions may apply. 

Refinance your Home to Pay for Foundation Repair

Many of our customers who have spent years paying into the equity of their home choose to refinance for foundation repair. This is a great option because it builds off of the equity you already poured into your home.  To do this: 

  • Find a lender (shop around and compare interest rates and types of refinancing)
  • After you’ve found your lender, have your home appraised by a specialist to determine the worth of your home
  • Close on the loan  


Low on Foundation Repair Funds?

The examples given above work beautifully when you have cash on hand. Sure, you might have to move money around from a couple of accounts, but it’s doable if you have it. What happens if you don’t have $25,000 in your savings account? And, in this economy, who does?  

This is when it’s best to explore financing options for foundation repair. We offer Greensky and Hearth, both of which offer excellent financing possibilities. We also have short-term interest-free options available and long-term.

Click on the link below to estimate payments with Hearth:

We currently offer a 6.99% 15-year loan option available until the end of the year. Financing is great because the interest is considerably lower than a credit card or most lines of credit.

If financing doesn’t feel like the right option for you, and you’re still low on cash, consider the following options.

  •   Credit unions provide loans with competitive interest rates
  •   Borrow money from a trusted friend or family member
  •   Take out a home improvement loan from your bank
  •   Liquidate stocks and bonds
  •   Borrow against your retirement

Is Foundation Repair Really Worth It?

In this article, you learned about the best ways to pay for your foundation repair (cash, check, debit, ACH, and financing). You also learned about some possible avenues of payment, from home improvement loans to refinancing your home.

We get it. Foundation repair is expensive. Some of the suggestions above are not easy to execute and may take some time and effort. But, even if your apprehension about how exactly to pay for your foundation repair has been eased, the question remains: is it worth it?

Read our article 5 Reasons to Fix Your Foundation Now (Remodeling to Equity) to learn about the benefits of foundation repair and determine if it’s worth the investment for yourself.

We’ve fixed thousands of foundations and have inspected thousands more. If you have yet to have a foundation inspection and live in Southern California or Arizona, click on the link below for a free foundation inspection


Brian Dalinghaus

Brian is one of the Co-Founders of Dalinghaus Construction. He has been in the foundation repair industry since 2005. During his career, he has been associated with helping over 4,000 homes and structures throughout California and Arizona.

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