Owning a home doesn’t just mean that you pay the mortgage on time or that you have to pay for utilities. You, of course, have to budget for any other expenses that might come along with owning a house, such as insurance, closing costs, groceries, and maybe you’ve thought about redecorating or renovating some parts of your home.
All of that sounds simplistic until you have to pay for home repairs. Paying for home repairs is one of the most costly parts of being a homeowner. This article will show you some of the most expensive home repairs and the cause of it.
Foundation Restoration or Repair
Foundation tops our list as one of the most expensive repairs you may need to do to your home. Each foundation problem comes with its own unique curveball. So a company can never really give you an estimate until they’ve really investigated and taken a good look at it. From what we’ve found, foundation and foundation wall repair can cost anywhere from $450 to upwards of $100,000, depending on your home’s size and shape. The foundation is the most important and vital part of your house since it holds up the entire structure, and as a homeowner, this should be the first thing that should be taken care of.
Replacing Your Air Conditioning or Furnace
Replacement of an ac system or a furnace is the second most costly issue you’ll come in contact with when purchasing or owning a home. It’s a good idea to find out before buying so you can add the cost of an HVAC technician for furnace, ac repair, or replacement. The repair cost could easily exceed $10,000 depending on the size and complication of your system. The cost of repairing your air conditioner, on the other hand, isn’t as expensive. An air conditioner doesn’t require ductwork and the installation of an entirely new system. An air conditioner could be as simple as changing a fan motor or condenser. Be sure to check if your air conditioner comes with any part warranty or labor warranty.
Repairing Any Water Damages
If the only water running around your house is through your plumbing fixtures, then you’re in the clear, but if there’s water anywhere else around your home, you’re in big trouble. If water damage is bad enough, you may need to replace an entire ceiling or wall, which could cost you anywhere from $1,500-$6,000, especially when the crown moldings need replacement too; some of the most common causes are from bursting water pipes or leaky roofs. We recommend wrapping water pipes in unheated parts of your home in insulation sleeves and patching up any roof damages.
Lawn Fixes and Tree Removal
Lawn work or tree removal can be extensively laborious and time-consuming, although replacement can cost a lot of money. For sod installation, it can cost a homeowner an average of $1,800 but could cost up to $7,000 depending on the size and dimensions of your landscape. We recommend that you have your soil tested to see what nutrients are being missed. Soil testing kits are inexpensive. Although the fertilizer could cost a decent amount, it won’t cost as much as replacing your entire lawn.
Tree removal can get costly depending on how massive and deeply rooted or if there are power lines present. The cost of uprooting a tree, depending on the cost of labor, can set you back about $750 on average but could run up to thousands of dollars. To get ahead of the problem, you can hire an arborist to inspect trees for dead or diseased limbs and infect infestations.
The Cost of Storage Space
Another cost you can come in contact with is the cost of storage space. You may want to think about investing in a warehouse; although warehouse renovation can become expensive, it might be worth the risk. Solar Cells offers you 5 tips to know before renovating a warehouse.
