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5 Most Expensive Home Repairs
Homeownership is not just a blessing — it also comes with many headaches and responsibilities, including mortgage payments, property taxes, and of course, expensive repairs and renovations. Statistically, home repairs can cost you about 2% of the purchase price of your home annually. As your home gets older, this figure gets larger. There are many problems homeowners face regularly that need to be solved, including leaky roofs, clogged gutters, cracks in the foundation, and many others. Many of them are very expensive and can strain your budget. Moreover, if you keep ignoring the problems, they become even more expensive. Here is a list of the most expensive home repairs that you may face.
1. Foundation Damage
The average cost to repair a foundation is between $1,800 and $7,000. The cost depends on the extent of the damage. Foundation problems result from insufficient and bad maintenance, expansive clay, moisture content, and soil composition. If you notice a crack in your foundation, it is very important not to put off repairs because it can compromise the structure of your entire home.
2. Roof Repairs and Replacement
This is another quite expensive home repair, the cost of which depends on the size of the roof and the materials you use. Fixing your roof in a timely manner is very important because a faulty and leaky roof can lead to other serious problems, such as interior leaks, mold, and water damage. The average cost for roof repair is $2,000 to $10,000. The only good thing about this repair is that in most cases you do not have to repair your roof too often — every 15 to 30 years.
3. Mold Remediation
Having mold in your house is quite dangerous. If this problem is left unaddressed, mold can result in serious health issues for homeowners. If the mold in your home starts covering an area exceeding 10 feet, you have to hire a professional to remove it. The procedure itself is quite costly because takes some time and involves using special heavy-duty chemicals. Moreover, it is often necessary to replace all the materials affected by mold.
4. Sewer Line Repair
Homeowners are responsible for their own sewer lines if their properties do not run on a public sewer line. Unfortunately, this system has the potential to break down, and it is quite expensive to repair or replace it. The replacement of the sewer line will cost you between $3,000 and $9,400, depending on the capacity of the system. In some cases, this amount can reach $30,000.
5. Central Air Replacement
Central air-conditioning is one of the most important home features. However, when this system breaks down, the entire home suffers. Repair or replacement of this system is one of the major expenses, especially if you have not kept up with proper maintenance over the years. If you need to install a new central air system, be ready to pay between $3,700 and $7,300. In order to avoid paying this, experts recommend getting a system inspection every three months and providing proper maintenance.
Sell Your Home to We Buy Killeen Houses to Avoid Repairs
If you have a house that you want to sell, but requires repairs and renovations, selling it the traditional way with a realtor may be problematic. Before listing your property and showing it to potential buyers, a realtor will ask you to make repairs and renovations. If you do not want to spend a fortune and need to sell your home as fast as possible, the easiest way to do so is to sell it to a real estate investment company. They buy homes in any condition and do not care about necessary renovations and repairs.
If you own a home in Killeen, TX, We Buy Killeen Houses is ready to assist you. Our experienced and highly qualified team of professionals will answer all your questions and provide you with the information you need. All you need to do is to visit our website and fill out a form or call us at 254-268-2988.
