Paying for Foundation Repair in Baton Rouge: Financing and Other Options

In south Louisiana the potential for foundation damage at your home is increased to our unique, clay-laden soil.  With a wet climate, this expansive soil can wreak havoc on concrete slabs, as well as pier and beam foundations which are common in this part of the state.  If you’ve noticed cracks in your foundation, walls, or ceilings, or doors and windows that won’t close or stay open, you may have foundation damage.  This can be a scary feeling and the most important thing you can do is get an estimate to have your foundation repaired.  After an estimate from a qualified professional you’ll have the information you need to make the best decision for you home.  But, as with anything, it will come with a cost. 

So now you know the issue, and you know the solution, how do you pay for it?  Foundation repair costs can range based on the severity of the problem.  Delaying repairs can extend the amount of damage, eventually costing even more in the long run; there is even the increased chance of causing structural damage to your home.  Fortunately there are a few options you when it comes to paying for foundation repair.

Paying for Foundation Repair with Cash

Of course cash is always an option.  Depending on the extent of the damage to your foundation, dipping into savings can be your best bet.  However for more expensive repairs this may be not be feasible.

Paying for Foundation Repair with a Home Equity Loan or Line of Credit

A home equity line of credit, or home equity loan can be a convenient and affordable way to fund your foundation repair.  Leveraging the equity in your home can provide the cash you’ll need to restore your home’s safety and value.  A home equity loan will give you a lump sum with a fixed rate.  A HELOC, or home equity line of credit, is similar to a credit card.  This allows you to access money when you need it and pay it back as you wish.

Financing Foundation Repair

Many foundation repair companies have financing options available for homeowners.  If you don’t want to use the equity in your home, or your savings, financing packages can be a great way to pay for your foundation damage.  There are even 0% interest options that can save you money. 

While foundation damage can be an intimidating situation, knowing that there are options for paying for the necessary repairs can make it easier.  It is also important to trust a qualified, professional company that understands the different challenges that are present in south Louisiana.  WCK Foundation Repair uses the only proven method to repair foundations built on the soil in our part of the state.  All of WCK’s work comes with a transferrable lifetime warranty, and financing options are available.

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