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How much does it cost to lift a house and add a basement? – New Jersey

A basement can add additional storage or living space to a house, especially where it isn’t possible to expand out or up. Adding a basement to an existing house can cost $30,000-$70,000 or more, depending on the size of the existing crawlspace or half-basement or if the house is on a slab foundation. Many experts estimate that it is less expensive to build an above-grade addition however, house-moving companies say that adding a basement to an existing house is a cost-effective addition.

Adding a basement to an existing house requires: building permits and engineering plans; raising and supporting the house; excavating the basement space; re-grading and creating new drainage; and pouring concrete footers, floors and walls.

Other things to consider are:

  • Condition/Age of House
  • Plumbing and Electrical
  • Excavation/Grading
  • Condition of Foundation
  • Labor

How much does it cost to lift a house and add a basement

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