The Most Expensive Home Repairs to Make | Billy.com
When you own a house, you don’t have a landlord that you can call up to fix any issues that arise. Any problems that occur will be up to you to resolve with your own money. As such, it’s important to maintain your home well in order to prevent budget-busting problems from popping up. While you should seek to take care of all aspects of your home, you’ll want to pay special attention to certain areas that can be particularly hard on your wallet if an issue occurs. To find out which areas you should prioritize, take a look at this list of the most expensive home repairs to make.
When it comes to home repairs that take a toll on one’s budget, foundation repairs are near the top of the list. Because your entire house sits on your home’s foundation, any foundational issues that occur can lead to numerous structural problems that aren’t easy to fix.
Depending on the extent of the damage, foundation repairs typically average around $4,000 but can exceed $10,000 in some cases. To avoid such a large expense, it’s important to take measures to prevent foundation damage from occurring, such as cleaning your gutters, installing proper drainage systems around your house, and ensuring your yard is sloped properly.
Another one of the most expensive home repairs to make is a roof repair. Your home’s roof is one of its main lines of defense against the outdoor elements. Over time, constant exposure to rain, wind, sleet, snow, and other forms of harsh weather can take a toll—especially if you don’t take measures to maintain your roof properly.
If the damage becomes too severe and a total roof replacement is necessary, you could be looking at costs ranging from a few thousand dollars to around $30,000, depending on the size and complexity of the roof. In order to avoid such a costly home repair, homeowners should take measures to extend the lifespan of their roof as much as possible.
Siding repairs can also rack up considerable costs. Like the roof, the siding on one’s home is also exposed to harsh environmental elements that can take their toll over time. If the siding on your home begins to rot, warp, split, or ship, you will likely need to have it replaced in order to keep your home safe and preserve its appearance. Depending on the size of your home and the siding material used, the cost of repairing or replacing siding can vary significantly—typically around $3 to $10 per square foot, which can really add up when covering an entire home.