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.