Owning a home can be expensive, and sometimes the costs can pile up and make homeownership a real trial. Here are four of those costly home repairs that many homeowners can’t afford to pay for on their own:
1. Roof repair
The average cost of a new roof is between $8,000 and $12,000. That’s a hefty price tag for most homeowners.
A leaky roof can lead to water damage and mold, which is uncomfortable and potentially hazardous. In addition, a bad roof can lead to higher energy bills as your house requires more power to keep the inside of the home at an even temperature.
2. Furnace replacement
A furnace that has been in service for more than 25 years will likely need to be replaced at some point. The average homeowner can expect to pay around $3,000 to have it repaired if it breaks down. However, if your aging furnace has been making strange sounds or emitting smoke or fumes, you might need to replace it sooner rather than later. A new furnace can cost between $10,000 and $15,000, depending on the size of your home.
You can’t go without a furnace in the winter, and there’s no way to afford this type of home repair if something goes wrong.
3. Basement waterproofing
Basements can get damp, and moisture is a breeding ground for mold and mildew. In addition, it could lead to cracked walls, peeling paint, and warped wood floors, even if your basement doesn’t have any visible signs of water damage.
Some homeowners will try to fix the problem themselves by digging trenches around their home’s foundation. However, these DIY attempts are often unsuccessful and can cause more damage in the long run.
The average cost of installing basement waterproofing is $3,000 to $6,000, depending on how much work needs to be done. If you have a leaky basement, you need a qualified contractor to handle the project.
4. Plumbing repair
A plumbing problem in your home can lead to water damage and mold, just like a leaky roof or cracked basement walls. In addition, it could cause foul odors to permeate your house, leaving you feeling embarrassed and uncomfortable if you have guests over.
A broken toilet, water heater, or corroded pipe will likely need to be fixed immediately. A plumber can come out on short notice and fix the problem for you, but that won’t save your wallet from taking a hit. You might end up spending anywhere between $500 and $1,000 to have the problem fixed.
Homeowners can plan for these disasters by enrolling in a home service club
A home service club like https://www.homeserviceclub.com can help you get discounts or pay for these expensive home repairs so that you don’t end up having to pay everything out of pocket. Think of it as insurance that protects your home from significant catastrophes.
You avoid spending too much on home repairs by preparing for them before they happen. In addition, it’s essential to have regular inspections done, so you know what kind of shape your home is in.
Before you have a problem, find out if many organizations can help cut the cost of your home repairs. The internet is an excellent resource that can connect you with service clubs that may help offset your costs.
