Did you know that in 2020 the average household spent 13 138 dollars on home repairs costs and other services? This is a lot considering in 2019 the average was only 9081 dollars.
Owning and maintaining a home doesn’t come cheap, but knowing what to budget on and when will help you plan for the future. How much do you know about home repair costs? Read below and find out some important facts so you can be prepared for whatever comes your way!
Foundations And Roof Repair Costs
Although not very common, you can find yourself in a situation where the foundations on your house need to be repaired. If the support beams get continuously wet and retain moisture, they will become an enticing target for termites. For major repairs, you will need an inspector to come out like Guardian inspections and be given an honest opinion.
Foundation repairs are tricky and can be expensive. A homeowner can be looking north of 10 000 dollars for such a repair.
A roof can fall suspect to the same issues as foundations. If water does get in your roof, termites can come knocking. A roofing issue needs to be fixed right away so you don’t cause even more damage to the inside of your home. Look for clear signs of ceiling stains, and leaks.
If you suspect that your roof is leaking, call the experts right away.
Depending on how much damage there is, you are looking at around 2000 to 3000 dollars for partial repairs and about 11 000 dollars for a full roof replacement.
Water Heater Replacements
Most homeowners experience this once in their life where you are taking a hot shower, in the middle of winter, and your water goes cold. Sometimes, you can get away with a repair on the water heater, or you could be unlucky and have to fork out for a new heater.
Either way, the repair will have to get done as taking a cold shower in cold weather is no fun at all. You can expect to pay around 600 dollars to repair your water heater or up to 1300 dollars for a new one.
Electrical Problems
The rise of the internet has made DIY possible and there are all kinds of information on electrical repairs. The high risk of electrocution and injury makes this a job for the experts.
Depending on what kind of electrical issue you have, you can pay anywhere between a few hundred dollars to over a thousand dollars.
Home Repair Costs Are Worth It!
Owning a house will inevitably cost you money. You might be lucky and only fork out for minor repairs, while overtime you could find yourself paying a couple of thousand at a time. Knowing this and keeping a fund handy for such days will make the financial pinch more bearable.
Are you looking for some home maintenance and improvement advice? Running out of ideas? Look no further! Head on down to our tools and home improvements page, and never run out of ideas!
