This isn't really a DIY question, but I thought this was the best forum to ask about this. Does anyone have any experience replacing basement wood columns with steel ones in an old house? I'm looking for advice about whether I need to do it, and if so, how to get a quality job done for a reasonable price.
As background, my house is over 100 years old and is supported by wood beams and wood columns. When I first bought the house, the inspector told me that the columns were showing signs that water was seeping in, so they should probably be replaced. At the time (2005), the inspector and an architect I had worked with before said that it would probably cost about $1,100, and despite my new-homeowner concerns said it was a pretty straightforward project that any carpenter could do, and that replacing all of them wouldn't cost a whole lot more than replacing one. As a stopgap measure before I closed the deal, the sellers had a local contractor (neighbor on the block) sister bolt some boards to the sides of the columns, wedged from the concrete floor to the beams, claiming that was the "best" solution, but my inspector and architect said that's not a real solution. At the same time though, they weren't saying my house was about to fall down--just that there were some signs that water was seeping into the columns and eventually it should be addressed.
Fast forward to now, I'm looking to finish my basement, and thought it's the right time to get this fixed. I got one ridiculously high bid on finishing the basement, but the portion of the bid for the column replacement was about $1,400 (with project profit/overhead separate, so I'd have to add that). I have a different bid for the basement that is much more reasonable, but does not include the column replacement. So I got a separate bid on the column replacement from a contractor who's done "hundreds of them", which was about $7,500. WTF???
The guys who want $7,500 are baffled as to how anyone could bid only $1,400. I asked the guy who bid $1,400 why his bid is so much lower, and the only clarification I got was that it includes replacing them with steel columns, but does not include pouring new concrete piers. I'm no expert, so I really don't have any way of knowing whether I need new concrete piers. The footings are presumably the real issue (if they had been done properly there would be no water seepage), but if the new columns are steel, then water presumably wouldn't be seeping into it regardless.
So I'm left with a dilemma. At $1,400, I'd likely go ahead with it, just for the peace of mind. But that contractor bid the whole basement project and probably won't want to do only the column replacement. At $7,500, I start to wonder if it's worth it--the house hasn't been settling since I moved in, and might be just fine for as long as I live there. I certainly wouldn't want to go half ass on something like this, but $7,500 is a lot of money for something that might not really *need* to be fixed.
Has anyone dealt with this sort of issue?