In south Louisiana, the potential for foundation damage increases due to our unique, clay-laden soil. Our wet climate causes this soil to expand and contract, which can wreak havoc on concrete slabs and pier and beam foundations. If you’ve noticed cracks in your foundation, walls, or ceilings or have doors and windows that won’t close or stay open, you may need foundation repair in Baton Rouge.
Foundation repair costs can range based on the severity of the problem. And, delaying repairs can extend the amount of damage, eventually costing even more in the long run. There is even an increased chance of causing structural damage to your home. Fortunately, there are a few options available to help pay for foundation repair.
The First Step: Getting an Estimate
If you notice signs of foundation damage, the first step is to get an estimate for the cost of your repair. At WCK Foundation Repair, we offer free foundation repair estimates for our customers. We’ll visit your property to assess the damage and help determine the best method for your repairs.
After getting an estimate from a qualified professional, you’ll have the information you need to make the best decision for your home. Next, you must determine the best form of payment for the service.
Paying for Foundation Repair in Baton Rouge
While paying for foundation repair in cash can be ideal in some situations, it may not always be feasible, depending on the cost. Foundation repairs can be expensive, but the good news is that other options are available. By exploring your options, you can find a payment plan that fits your budget and helps you get the repairs you need to maintain the structural integrity of your home. Here are just a few methods available.
1. Paying With a Home Equity Loan or Line of Credit
A home equity line of credit (HELOC) or a home equity loan can be a convenient and affordable way to fund your foundation repair. At their core, both allow you to tap into the equity in your home to secure financing for the repairs. However, the main difference between a loan and a line of credit is how the funds are accessed.
With a loan, you receive a lump sum of money upfront and must pay it back over time with interest. On the other hand, a line of credit functions more like a credit card, allowing you to draw on the available funds as needed and only pay interest on the amount you borrow.
So, a HELOC may be more flexible and affordable if you’re facing costly foundation repairs. With a HELOC, you can take out what you need to fund the repairs and only pay interest on that amount rather than being stuck with a loan payment and a bigger overall balance.
2. Using Personal Cash Loans
A personal cash loan allows you to borrow money for almost any purpose, including home repairs. The loan is typically unsecured—meaning you don’t have to put up any collateral to be approved—and can be used to cover the cost of foundation repairs.
By taking out a personal cash loan, you can ensure that your home’s foundation is repaired quickly and efficiently without stressing about the financial impact. Plus, with competitive interest rates and flexible repayment terms, a personal cash loan can be a smart and stress-free way to finance home repairs.
3. Financing Foundation Repair
If you don’t want to use the equity in your home or your personal savings, financing packages can be a great way to pay for your foundation damage. Financing your foundation repairs can give you peace of mind knowing that you can immediately address your repairs without breaking the bank. This can also free up finances for other repairs related to your foundation issues.
Luckily, WCK Foundation Repair is here to help. With financing options provided by Synchrony Financial (formerly GE Capital), you can choose from six different plan options ranging from 6 to 132 months. And, our 0% interest options for our 6- and 18-month plans make financing even more appealing. Don’t let foundation damage affect your home’s safety and stability—let WCK Foundation Repair help you finance your foundation repair in Baton Rouge today.
Schedule Your Foundation Repair in Baton Rouge With WCK Foundation Repair
While foundation damage can be intimidating, knowing there are options to help pay for necessary repairs can make it easier. It is also important to trust a qualified, professional company that understands South Louisiana’s unique challenges.
WCK Foundation Repair uses the only proven method to repair foundations built on the soil in our part of the state. If your home is in need of foundation repair in Baton Rouge, contact us today for a free estimate. Give us a call at 225-664-5956 or message us online with any questions. We can help you get the necessary repairs with a payment plan to fit your budget.