Repair or replace the hot water heater. Unfortunately, water damage is common in the home. Every day, 14,000 Americans face a water damage emergency, while 98% of basements will suffer water damage at some point in their lifetime. However, there are steps you can take to protect your home from water intrusion.
We have prepared this list for you of the most expensive home repairs homeowners should consider and how to avoid them in the first place. As a homeowner, it's a good idea to have a savings account dedicated to unforeseen home repairs, and a healthy account. While a little water is likely to come in occasionally, depending on your home and its foundation, a constantly wet basement is a bad sign and an expensive repair. It's a big change in a repair that doesn't improve the look or functionality of your home.
However, some of the most expensive home repairs have the ability to eliminate all of your annual maintenance savings and then some. You should repair your sidings if you plan to sell your home because it will affect the exterior appeal of the house. Major home repairs can be hard to predict, especially if it's been years since you bought your property and a professional inspected it for hidden problems. Although this is a necessary expense, it can come at a high cost, making it the first of the most expensive home repairs.
Maintaining your roof is one of the most important home repair projects, as the top of your home is the first line of defense against the elements. Whether you've bought an older home that looks like a money pit, or you've recently inherited a home and aren't sure where to start with repairs, it's good to know that you always have options. Your entrance is an important part of the exterior appeal of your home, therefore, it is one of those absolutely necessary home repair projects because it is the first thing visitors see. Experts estimate that the average annual cost of home maintenance and repair is 2-4% of the value of a home.
Since smoke affects the air quality of your home, it is also responsible for a large portion of the expenses that go into repairing a home after a fire. We've put together a list of the 10 most expensive types of home repairs and the best DIY maintenance tips to avoid spending a lot of money. If you simply don't have the money or time to make those repairs before selling them, Renewed Homes can help.