Nothing’s worse than a major home problem, like a burst pipe or a leaky roof. These situations require quick action, and some require the most costly repairs homeowners can make.
To help you prepare and avoid these expensive surprises, we’ve compiled a list of the most expensive repairs you may encounter as a homeowner.
1. Foundation Repairs ($4,000-$10,000)
Your foundation may be at risk if your house was built in an area where the soil expands during rainy seasons and shrinks during dry spells. Foundation repairs can be difficult and expensive.
A weak foundation can cause a variety of issues, including uneven flooring, wall fissures, and even structural instability. Depending on the extent of the damage, foundation repair might cost tens of thousands of dollars.
2. Roof Repairs ($5,000-$10,000)
Many homeowners are shocked when an assessment reveals they need a new roof sooner than they expected. Especially if you live in an area that gets a lot of sun, wind, and rain, your roof may not enjoy a long lifespan.
It’s important to take care of roof issues as soon as they pop up. If you wait too long, you might have to do more costly repairs, when before all you had to do was fix minor damage.
3. Plumbing Repairs ($1,000-$5,000)
Plumbing repairs can be costly when there are problems with the water main or sewer line. It can cost tens of thousands of dollars to repair a sewer line and several thousands to rebuild a water main.
4. Replacement Of The HVAC System ($7,000-$10,000)
Replacing the heating, ventilation, and air conditioning (HVAC) system can be expensive, particularly if the whole system needs to be changed. You could spend anywhere from a few thousand to tens of thousands to fix a busted HVAC system.
5. Electrical Repair ($4,000-$12,000)
Older houses are more prone to electrical overloads, and these can cause fires. And when it comes to home damage, few things are more destructive than a fire.
In some instances, all that’s needed is a partial retrofit to make the home safe. But if there’s a lot of aluminum wiring—and there’s knob and tube wiring too—fires are unfortunately much more likely, especially if the home is older. It can cost a significant amount of money to completely rewire a residential home.
In A Nutshell
It’s no secret that making extensive home repairs can be both challenging and expensive. And usually, once you fix one problem, another one pops up.
If you’re tired of making home repairs, consider selling to 412 Houses. We buy houses in Arlington all the time, and we buy homes as is and for cash.
If you choose to sell your home to a cash home buyer in Arlington, you’ll avoid costly repairs and closing costs. Plus, we don’t charge commissions! It’s a win all around!