Keep
your home maintenance on schedule, so that you can avoid many of these
9
Most Expensive Home Repairs
1.
Foundation issues
Average
cost to repair: $12,500
Foundation
repairs can get really pricey. The
Foundation Repair Network
reports that
to repair a crack in a concrete wall, you’re looking at a cost of between $800 and $1,500. But, if you need more
extensive repairs, you could be looking at a cost in the $10,000 or $15,000 range (or higher).
2.
Roofing problems
Average
price of repairs: $12,000 for a new roof
Your
home’s main structural components, like its foundation and roof, are among the most expensive things to fix if
there is a problem. The average cost of a new roof is $5,000 for an asphalt shingle roof, $25,000 for more
expensive, high-end roofs, and $12,000 for the mid-range, according
to an Angie’s List publication.
3.
Siding repairs
Average
cost to repair: $10,000
If your home is partially
or fully covered in wood, aluminum or vinyl siding, water can sneak past damaged sections, leading to
rot, insect invasions and interior damage. Spot repairs to individual panels of siding usually
won't cost more than a couple of hundred dollars, but a full-on replacement of your entire square footage can
run on average $10,000 [source:HomeAdvisor
].
4.
Replacing a deck
Average
cost to repair: $8,500
A woodendeck adds value to your home and
provides the perfect setting for summer cookouts. But if you fall behind on routine maintenance, your deck could
fall prey to rot or fall apart completely. The cost of maintaining a deck is less than $100 a year, but the
average cost of replacing it from the ground up is $7,000 to $10,000 [source:HomeAdvisor
].
5.
HVAC issues
Average
cost to repair: $6,500
HVAC
stands for heating, ventilation and air conditioning. It's also shorthand for "Here's my Visa and cash." If you
don't properly maintain your furnace and air conditioning units, they could require expensive repairs or die
altogether.
Broken air conditioner? In Texas, in the summer, you won’t want to live with that for too long. Most
homeowners spend between $310 and $450 to have their air conditioning repaired; it can cost up to $800
depending on the labor and materials involved. A new AC system can run anywhere from $3,000 to
$10,000.
A gas furnace alone costs between $1,000 and $2,000 at Home Depot, but you'll pay between $4,000 and $8,000 for a
professional furnace installation [source:
HomeAdvisor].
6.
Driveway problems
Average
cost to repair: $5,000
Asphalt drivewaystake a beating. Not only
must they withstand the weight of large vehicles, but they must suffer through the seasons: cold and ice in the
winter and extreme heat and rain in the summer and spring. It's no surprise that asphalt driveways are prone to
cracking and crumbling if left unprotected. The average cost of installing a brand-new drivewayis
around $5,000, but don't forget the added expense of digging up and hauling away the old one
[source:
HomeAdvisor].
7.
Termite infestations
Average
cost to repair: $3,000
Termites
are small insects that can nest and damage wood without you even knowing they’re present. They leave a path of
destruction, damaging resources, like crops, and man-made structures, like buildings and
homes. According
to Termites.com,
these pests damage around 600,000 homes every year, at an average cost of $3,000 per home
impacted.
Termite damage is generally not something that homeowner’s insurance covers
.
8.
Water line breaks
Average
cost to repair: $2,000
Your water and
sewerlines connect
your home to the public water and sewage systems (assuming you don't have your own septic tank). Your city or
town's liability for the system ends at the street; homeowners are responsible for the length of pipe underneath
their property. The cost of physically repairing or replacing a broken water or sewage line isn't going to break
the bank — somewhere between $1,000 and $2,000. What's really going to cost you is cleaning up the mess
[source:HomeAdvisor
].
When a mainwater line breaks, it creates an underground
flood that seeps up to your lawn, creating huge marsh-like puddles. To get to the source of the leak, crews will
have to excavate into your lawn and possibly under trees and driveways. After you pay for repairing the water
line, you'll pay to replace the section of driveway and re-landscape the lawn, another several thousand dollars
literally down the drain.
9.
Leaks and water damage
Average
cost to repair: about $12 per square foot
When
places that are supposed to remain dry get wet for long periods of time, big problems result.
Water is a killer. It seeps through concrete, sprouts mold and empties
wallets. With a cost of nearly $12 per square foot in
some areas (according toHomewyse), water damage in a large, 500-square-foot area can cost you
$6,000, Not to mention any potential added costs for plumbing repairs and mold remediation
services.
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