Your home's foundation is something that you may not give much thought to — however, small issues can quickly cause major problems. A faulty foundation can lower the value of your property and lead to problems inside the home. There are a variety of reasons why there may be issues with your foundation. If you find that it is in disrepair, fixing it as soon as possible is a must. Here are three things that you should know about when it comes to your home's foundation.

The Type of Foundation You Have

The first thing that you should know is what type of foundation you have supporting your home. This type of information is key when it comes to recognizing the signs of foundation trouble. Some common types include poured footings and pier foundations, concrete block, and cement. Once you find out what type of foundation you have, determining what shape it is in can be helpful. A foundation inspection by a professional can determine if there are any problems present. An inspection by a structural engineer ranges from $350 to $1,000 and can help spot issues early on that may become major problems later on.

The Age of Your Foundation

Another thing to consider when it comes to your foundation is its age. Nothing lasts forever, even well-built foundations. Eventually, some repairs will be needed. Knowing how old your foundation is and when the last time it was repaired or if it has ever been repaired can help you estimate when you may need to have work done on it in the future. The lifespan for poured footings is around 200 years, concrete block foundations typically last for 100 years, and cement foundations around 50 years. 

The Cost of Repairs

If your home is showing signs that foundation repair may be needed, such as cracks in the walls, bowing walls, doors or windows that won't close, or leaning chimneys, then it's a good idea to look into how much repair may cost. Costs will vary depending on the extent of the issues, the type of foundation you have, and the size of your home. The average range for foundation repair is between $1,845 and $6,432. There are a variety of repair techniques that can stabilize your foundation and that will help prevent future problems. 

There are a few things that you should know about when it comes to your home's foundation. Knowing what type of foundation is in place is essential. Knowing how old the foundation is can also help you estimate whether or not repairs are likely to be needed in the near future. Another thing that you should consider looking into is the cost of repairs for your foundation if you suspect that there are issues.