What are the costliest home repairs?
When you own a home, you need an emergency fund to take care of costly home repairs. After all, you never know when your HVAC systems will go down or you’ll need to deal with water damage or replace your roof. These types of home repairs can easily reach $5,000 or more. This is definitely something you should take into account when buying an older home because these home repairs might pop up sooner than you’d like. The following infographic, originally published by Client.com, gives homeowners advice on preventive maintenance and other tips to minimize the cost of home repairs.
To summarize, HVAC systems are expensive to replace, but you don’t have much of a choice when they go out because you wouldn’t want to live without an AC unit in the summer or a furnace in the winter. However, preventive maintenance can help you extend the life of your HVAC systems. You should get them inspected once a year and replace parts as needed.
It’s much harder to predict the cost of dealing with water damage than HVAC systems because you might have to replace a few boards of drywall or pay for a massive mold remediation project. That’s why it’s essential to catch water damage at the first sign. The longer you let it go, the more expensive water damage can be. The same is true for your roof. Preventive maintenance goes a long way in extending the life of your roof. Take a look at the following infographic to learn more.
4 thoughts on “Top 3 Costliest Home Repairs”
Fascinating infographic! I don’t own a home, but I always find it interesting to learn about all of the expenses that go into home ownership. I can imagine it’s quite important to have these three things inspected before purchasing too!
We live in a large apartment complex and have had serious water damage in our apartment twice thanks to water tanks leaking on the roof of the building. That makes me glad we’re just renters and that the apartment building management is responsible for repairs–but it’s not much fun to live through!
My husband and I live in an apartment right now. We almost bought a house last year but held off due to our fear of home repairs!
I would add foundation repairs to your list.
The soil around your foundation can move at any time, especially with heavy rain, or no rain at all. The way to avoid that is proper drainage. Clean your gutters regularly and keep a safe eye on your walls and floors.
Also, when it comes to your roof you can avoid costly repairs by inspecting your roof every six months. You should check for things like loose shingles, leaks and paint bubbles and you’ll be forking out much less cash.