Foundation cost typically ranges from $5,200 to $148,000, but the national average is $9,100. The type and size of foundation, type of structure, permits, soil testing, prep work, and labor rates are some of the main factors for calculating the cost of a concrete foundation.
A foundation costs $6 to $50 per square foot, depending on the type. A standard 2,000-square-foot concrete slab foundation costs $12,000 to $28,000, while a basement foundation costs $70,000 to $100,000+. The best foundation for your home depends on the soil conditions, water level, and frost line in your area.
The average cost to build a new foundation is around $9,444, but depending on the size, type, and necessary prep for your project, your foundation can cost anywhere between $4,039 and $14,848. Homeowners can pay anywhere from $5,000 to $37,000 per 1,000 square foot.
How much does a 40x60 concrete slab cost? An installed 40x60 concrete slab (4 inches thick) for buildings will typically cost between $9,600 and $19,200. A 4-inch slab will usually cost between $4 and $8 per square foot (depending on your location) for materials and labor.
Total Cost Estimate = $155,000
So in total, a basic 40×60 shop house shell, foundation, standard workspace, and reasonably finished 1200 sq ft residence would cost an estimated $155,000.
Framing forms the basic structure of the home, involving a significant amount of wood or steel, as well as skilled labor. This stage typically ranks among the highest costs in the building process due to the extensive materials and precision required.
Concrete slab is the most common and cheapest, and costs around $7 per square foot. Pier and beam foundations cost around $9 per square foot, a foundation with and a foundation with a crawl space (a narrow gap between ground and floor, but not a full basement) will cost around $13 per square foot.
How Much Does a 40×80 Concrete Slab Cost? A 40×80 concrete slab can vary depending on several factors, but the average price usually falls between $4 and $8 per square foot. For a basic slab, the total cost could range from $12,800 to $25,600.
Basement finishing costs about $7 to $23 per square foot, so the larger the space, the more you'll spend to turn it into a cozy den or welcoming guest suite. A smaller, 500-square-foot basement will cost about $3,500 to $11,500 total, while a large, 1,500-square-foot basement will cost $10,500 to $34,500 to finish.
The three most common foundation types are: basement, crawlspace, or slab-on-grade. While other variations are possible, these are the main options you will encounter when you build your new home.
We don't suggest pouring your own foundation. It's expensive, time consuming and can be dangerous for DIYers. This is one project that you should hire a professional to do. While it takes a crew of skilled professionals to build a foundation, the process is fascinating.
For reference, season one of Foundation had a budget pegged around $45 million. These aren't quite Game of Thrones or Lord of the Rings numbers but that is some serious cash for a TV series, something that has become more common, especially in the realm of sci-fi.
Disadvantages of a Basement Foundation
Increased Foundation Cost: A basement is understandably the most expensive foundation-type of the three mentioned here — more so if you choose to finish that space.
Pouring a 24×24 concrete slab may cost between $2,304 to $4,608, factoring in material, labor, and a six-inch slab. Keep this range in mind when planning your project.
The material cost for concrete slabs generally ranges between $4 and $8 per square foot, with labor costs factored in. For a typical 30×50 concrete slab that is 6 inches deep, the cost can come to around $9000, but this could differ based on multiple factors such as the location of your building, among others.
Standard concrete floor slab thickness in residential construction is 4 inches. Five to six inches is recommended if the concrete will receive occasional heavy loads, such as motor homes or garbage trucks. To prepare the base, cut the ground level to the proper depth to allow for the slab thickness.
Foundation Installation Cost
Concrete costs between $4.25 and $6.25 per square foot and the average size of a house is about 2,000 square feet. That can mean between $8,500 and $12,500 for concrete alone. Labor typically costs around $2.60 per square foot, which is about $5,200 for a 2,000-square foot house.
Laying your own foundation is possible but risky, especially if you've never done it before. You might be able to do it if you've worked with concrete and completed similar projects.
Poured concrete is the strongest type of foundation for a house. Concrete is incredibly strong and durable, and it can be poured into any shape. This makes it ideal for supporting the weight of a house. Block foundations are also very strong, but they are not as flexible as poured concrete.
If your house-to-be appraises for exactly the cost to build, you'll be able to get a loan for 80% of the cost… and you'll need the other 20% in cash. However, with a bank willing to loan 80% of appraised value (NOT just 80% of cost), you can borrow more if the appraised value is higher than the cost to build.
The Kitchen. This likely comes as no surprise, but kitchens are by far one of the most expensive rooms to remodel in a home. Not only is plumbing and electrical work quite a doozy, but installing, painting or building new cabinets or kitchen islands is incredibly labor intensive and expensive.
Builders may need to excavate the site before laying the foundation. Preparing and laying the foundation has an average cost of $14,500. Framing is usually the most expensive element of home building in both labor and materials.