Cost Considerations for Taking Your Home to Another Level (Literally)

While many people will think of interior renovations when it comes to upgrading their home, house lifting is an important undertaking especially if flooding and poor site drainage are an issue. Lifting your home is usually the best way to combat water damage, erosion and other issues, but it’s not a quick, DIY project. It requires the involvement of experienced professionals.

Counting the Costs

The overall cost depends on project complexity. On the low end, expect to spend between $300 and $500. The average project cost is between $3,400 and $5,800. An expensive house lifting could exceed $10,000. These costs do not factor in labor and materials related to existing foundation removal. Total project costs may run between $25,000 and $100,000.

Breaking It Down

As you’re making plans, consider these factors when estimating house lifting costs:

  • Foundation Type: Your home’s foundation is a major factor as the equipment, excavation, grading, permits and structural engineering labor are what contribute to the bottom line. You may need a different foundation type to avoid the previous issues. A stem wall runs from $3 to $5 per square foot while a full basement is more expensive at $10 to $100 per square foot.
  • Size of Home: Keeping your home stable is a major factor in house lifting. Taller structures with more stories require more equipment and contractor labor to maintain stability and prevent damage. The estimated cost for a 1500 square foot, single-story structure is around $10,000.
  • Labor: There isn’t a set labor rate as projects vary from structure to structure. You should procure several quotes based on an in-person assessment. You’ll pay more for the services of an architect or engineer.
  • Access: A lifted home will require new elements for access such as new ramps or stairs. A porch or deck may run you around $21,500.

Other factors to consider include older structural reinforcement, foundation repairs, landscaping, structural extensions and permits.

House lifting is a major endeavor that requires careful planning and cost considerations. Whether you’re lifting your home above flood levels, adding to the structure or fighting settlement issues, it’s important to hire experienced professionals to complete the job correctly.