Whether you need to sell your home now and are looking at what you need to do regarding home repairs or want to know the most expensive home repairs, stay tuned. Today’s blog, we’ll break down which of these repairs you need to keep your eye on.
The Top Seven Costliest Home Repairs
1. Foundation Repair
If your home was built in an area where when it rains, the soil swells or contracts when the area is dry, this may result in foundation damage. These repairs can be quite costly (anywhere from $500-11,000). Signs of a damaged foundation include sloping floors, water pooling in your basement, or around your home’s edges, doors, and windows that don’t fit their frames and are hard to shut, or cracks showing up around your home.
2. Roof Repair
When your roof is in poor condition, it can compromise your whole home. If your roof becomes damaged, you must repair it immediately to ensure your home stays protected from the elements. The cost can average anywhere from $650-$6,000 or more. Note any leaks or missing shingles.
3. Water Heater Repair or Replacement
A damaged water heater can lead to flooding, further damaging your home and racking up the costs. It can cost anywhere from $520-$1500 or more to fix a water heater or replace it. Watch out form loud or unusual noises and leaking.
4. Termite Damage
These invasive and damaging critters can burrow in your exterior, costing an average of $540 for treatment, with a costly average of $7,000 from damage. It’s vital to treat termite damage fast. Signs of an infestation include hollowed-out wood, mud tunnels the width of a pencil leading up to your exterior walls, and swarms of small flying bugs or bug wings in your basement.
5. Water Damage
Leaking, flooding, or water damage that slowly accumulates over the years can cause wood to rot, cause mold growth, and result in metals rusting. Water is one of the biggest issues resulting in costly home repairs. If you notice any leaks, a musty smell, peeling paint, or a fuzzy discoloration in your walls or ceilings, get someone to look at it immediately. The cost could average around $2,330.
6. New Pipes Repair or Installation
Another possible costly repair is from plumbing issues. To repair a sewer line, it averages around $2,400; for a drainpipe, about $560, and for a new pipe installation, about $1,000. Look for rusty water, leaks, or flaking or discoloration in exposed pipes.
7. Heating/AC Repair
Repairs to your HVAC system can be costly, and if needing a replacement, can break the bank. For repair, the cost is an average of $370 for AC and $290 for the furnace. To replace both, it could run you in the thousands of dollars. If your home is not cooling or heating or the unit is leaking or making strange noises, it’s time for an inspection.
NH Home Buyers to the Rescue
If you need to sell your home quickly and have at least one of the above-mentioned issues, you don’t have time or money to fix, consider contacting NH Home Buyers. We buy your home as-is, close within a week, and give you cash. We buy houses in the Southern New Hampshire area, so contact us today.